Comments on: China’s and India’s Billionaires

By: Errol

Errol — Sun, 21 Dec 2008 12:23:33 +0000

It is absolutely natural that the combined wealth of Indian billionaires are greater than that of the Chinese. China is a socialist country focusing on policies that promote a distribution of wealth amongst the people and thus the billionaires have a lower net worth than their Indian counterparts.

In contrast India is strictly capitalist which allows for the Indian billionaires to utilize policies of laissez-faire and thus continue accumulating wealth without any government restrictions or interventions.

As a result we see a significantly greater inequality between the ‘haves’ and the ‘have nots’ in India than in China.

By: thakur prasad

thakur prasad — Wed, 12 Mar 2008 17:24:17 +0000

indias larzest population live bellow proverty line. condition of helth is very poor.door of edu is closed for poor people. all the roads come in india with deth, disease, disaster. to be a billionaire is how much meaningful in this condition i do not know. thakur prasad

By: John

John — Mon, 24 Sep 2007 23:38:45 +0000

China has less billionaires than India is because wealth is distributed fairer. In Indian it’s only the very small minority that holds all the country’s wealth. Poverty is a greater problem in Indian. As mentioned in the article Chinese billionaires are younger on average and it’s only the beginning for them.

By: Danielle

Danielle — Tue, 04 Sep 2007 05:53:09 +0000

@Steven

I agree with you on this. India is a society with far greater iniquities between the haves and have-nots than China.

A country’s economic success should not be measured by the number of billionaires it has.

By: Anila

Anila — Wed, 04 Jul 2007 07:10:43 +0000

India and China are having strong economies in the region, but both the countries have a great problem of poverty, espicially in India. Does it make sense, that less than hundred families becomes tycoons and a large number of population lives under poverty line? The administrative and political structure is backed by these billionaires and they have the policy of no consideration for poors. There should a policy to limit personal wealth at a certain limit and all the unaccounted wealth should be distributed or used to upgrade the level of poors. I think this will result in more stronger economy!

By: Steven

Steven — Sun, 03 Jun 2007 10:29:17 +0000

It is really nice to know China has less billionaires than India even China’s economy is much larger.

By: Ariadna

Ariadna — Fri, 01 Jun 2007 17:12:47 +0000

I am puzzled by the fact that Forbes’ list of the top world billionaires never seems to include weapon manufacturers or major stock holders in such companies as Raytheon, Lockheed Martin, etc.
Is it harder to become a “self-made bilionnaire” in the trade of rockets, cluster bombs, land mines, tanks and attack jets than to sell tube socks through WallMart? One gets the feelings that there are some billionnaires not included in Mr Forbes’ list. When they get a bit of polish the nouveaux billionnaires of China and Russia will forgo the thrill of swagger and boast for the smarter quiet pleasure of secrecy.