World’s 6th largest number of billionaires in India

Nov 8, 2013 - 8:04 am EST @theindpanorama India 51
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NEW DELHI (TIP): Indian billionaires, the sixth largest group in the rich world, have thrown up an interesting trend found nowhere else in the world — holding on to one’s roots. Despite popular notions of billionaires being jet-setting, cosmopolitan individuals, most Indian billionaires remain where they were raised. The World Billionaire Census 2013 released on Wednesday shows that 95% of Indian billionaires who currently have their primary business in India, also grew up there. The trend globally is very different. Around 23% or just 1 in 4 billionaires globally made their home city the city of their primary business. Only 39% of all billionaires globally have the same home state as the state of their primary business Billionaire hotspots such as Singapore, Switzerland and Hong Kong have emerged as favoured destinations for the ultra-rich. However, only 36, 34, and 25% of their billionaire populations respectively, grew up in these countries. Another significant finding is that not all these Indian billionaires have college degrees, let alone attending Ivy League for a degree in business management. Three of every 10 billionaires in India don’t even have a college degree.

5.5% dip in India’s billionaire population
India’s billionaire contingent (103- strong) is narrowly behind Russia (108). However India’s billionaire population has decreased by 5.5% and the total billionaire wealth has fallen by $10 billion since last year. Mumbai is among the top 5 billionaire cities in the world and the only Indian entry in the top 10 list and New York remains the business city of choice for the world’s billionaires. Asia takes eight out of the top 20 spots for billionaire cities, the most for any region in the world. Moscow accounts for more than two thirds of Russia’s billionaires. The total number of billionaires who are based in the top 20 cities is 661, representing 30% of the world’s billionaires. India is one of the few countries where finance, banking and investments are not the most significant industries. Instead, industrial conglomerates and pharmaceuticals are the first and second most significant industries for Indian billionaires. Only 3% of Indian billionaires are female, the joint lowest of any focus country. The majority of Indian billionaires are college-educated with 72% possessing at least a bachelor’s degree (Switzerland and the US are the only other two focus countries that have a higher proportion of universityeducated billionaires). The Wealth-X and UBS Billionaire Census 2013 showed that Asia is where the largest number of newly-minted billionaires is based — since July 2012, 18 new billionaires came up in Asia with a total wealth of $136 billion. Asia was followed by North America (11).

Five of the top 10 countries with the highest percentage of self-made billionaires are from Asia. Every region increased in wealth terms, with Asia the fastest growing at 12.9%. The global billionaire population reached a record 2,170 individuals in 2013 and total billionaire wealth in Asia surged nearly 13% making it the fastestgrowing region. At current growth rates, the census, the first-ever comprehensive global study on this ultra-wealth tier, forecasts that Asia will catch up with North America in five years. Asia also saw the highest percentage rise in billionaire population (3.7% from 2012) and total wealth (13%) in 2013, suggesting that it is driving the tectonic shifts in wealth globally. The report also shows that 810 individuals became billionaires since the 2009 global financial crisis. The billionaire population’s combined net worth more than doubled from $3.1 trillion in 2009 to $6.5 trillion in 2013 — enough to fund the United States’s budget deficit until 2024, and greater than the GDP of every country except the US and China. Wealth-X forecasts that the global billionaire population will increase by 1,700 individuals to nearly 3,900 by the year 2020. Europe is home to the most billionaires (766 individuals). However, North America has the most billionaire wealth ($2,158 billion). Around 60% of billionaires are selfmade, while 40% inherited their wealth or grew their fortunes from inheritance. Only 17% of female billionaires are selfmade, while 71% gained their fortunes through inheritance.

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  40. People call me Mike, a regular guy from the USA, and during 2018 I
    accidentally discovered one of the weirdest sports on Earth: CarJitsu.

    In case this sounds unfamiliar, you are not alone.
    The entire concept sounds like a joke. Two competitors climb inside a compact vehicle and try to
    score positions against each other while being trapped between the seats.

    Yes, really. In most sports you have a field, but in CarJitsu
    your battlefield is a car cabin. That is what makes
    it so weird.

    There are organized competitions, tournaments,
    championships, and special events. Athletes travel to compete and try to
    prove who can dominate inside the car. Compared to ordinary sports, every movement
    is limited by doors, seats, windows, and seat belts.
    This leads to funny situations. One second someone looks like a champion, and the next second they are
    folded like a pretzel.

    At that time I was heavily interested in sports.
    I watched football, basketball, MMA, and wrestling. I also spent time reading about sportsbook odds.
    People around me talked about betting and sportsbooks.
    Sometimes names like 1xbet would appear in conversations about
    major sporting events, although CarJitsu was usually too strange to
    be the main topic.

    One evening I saw a short video online. At first I thought it was satire.
    Grown adults were trying to grapple inside a parked car while spectators were laughing,
    cheering, and recording videos. I laughed so
    hard that coffee nearly came out of my nose. Yet the more I watched, the more fascinated I became.

    Not long afterward, I found a local event and decided to
    show up. The atmosphere was incredible. There were fans discussing athletic techniques
    and sports culture. Some people even joked about which athlete
    would be the favorite if a betting site ever
    offered odds on the matches.

    Soon I wanted more than just watching. I signed
    up for beginner training. My first session was a disaster.
    I hit my head on the roof, got stuck near a
    seat, and accidentally opened a door at the worst possible moment.
    Even I laughed at myself. Yet I kept coming back.

    As time passed, I improved. I learned how to use positioning, leverage, balance,
    and timing. The vehicle became familiar. Soon I was entering small tournaments.
    My friends thought I was completely crazy. Whenever someone asked what sport I practiced, the conversation usually went like this:

    “CarJitsu.”

    “What is that?”

    “Imagine wrestling inside a car.”

    “You’re joking.”

    “No, that’s the actual sport.”

    The craziest match of my career came later. My opponent was huge.
    He looked like he could carry an engine block.

    Before the match started, he smiled and said, “Hope you’re ready.” I
    knew trouble was coming.

    As soon as the fight started, chaos exploded.
    We bounced between seats, bumped into doors, and nearly tangled ourselves in everything inside the vehicle.

    The crowd was roaring. Everyone was losing their minds.

    Then came the moment I will never forget.

    My opponent grabbed the belt hanging beside the seat and accidentally turned it into what looked
    like a crazy lasso. As we struggled for
    position, the belt snapped across the cabin and wrapped around me in the strangest way imaginable.
    For a second I thought, “This is it”

    He pulled, I twisted, the seat belt locked, the door opened
    slightly, and both of us somehow ended up tangled together like human spaghetti.
    The audience was laughing so hard that some people could barely stay in their seats.
    Nobody could believe what they were seeing.

    For a brief moment, I genuinely thought my opponent was going to crush me.
    Thankfully, the officials quickly intervened when things became
    unsafe, and the situation was resolved without serious injury.
    Afterward we both burst out laughing. Spectators cheered.

    Even today people who were there still talk about “that crazy seat belt match.”

    When I remember those years, CarJitsu remains one of
    the strangest sports I have ever experienced. It gave me friendships, stories, and unforgettable memories.

    Whether people are discussing sports culture and competition, very few
    things create reactions like CarJitsu.

    Whenever someone asks me about unusual sports, I always tell them about the day I climbed
    into a car in 2018 and accidentally became a CarJitsu competitor.

    The reaction is always the same. But after hearing about tournaments, athletes,
    training sessions, sports fans, betting conversations, sportsbook discussions, and my unforgettable seat belt battle, they usually agree on one thing:

    CarJitsu is wonderfully ridiculous.

    Reply

  41. People call me Mike, a normal American guy,
    and back in 2018 I accidentally discovered one of the strangest sports ever invented:
    car jitsu.

    In case this sounds unfamiliar, don’t worry. The entire concept sounds like a comedy sketch.
    Two competitors climb inside a small car and try to grapple each other while being trapped between the cramped interior.

    Yes, really. In most sports you have a field, but in CarJitsu
    your battlefield is a car cabin. This is what shocked
    me the first time.

    It even has official events and competitive tournaments.
    Competitors come from different places and try to prove who can dominate inside the car.
    Unlike traditional combat sports, every movement is limited by the tight space.
    That creates hilarious moments. One second someone looks like
    a champion, and the next second they are trapped near the steering wheel.

    At that time I was heavily interested in competitive sports.

    I watched all kinds of competitions. I also spent
    time reading about betting markets. Many sports fans I knew compared sportsbook offers.
    Sometimes names like 1xbet would appear in conversations about major sporting events, although CarJitsu was usually too strange to
    be the main topic.

    One night I saw a short video online. I honestly assumed
    it was fake. Full-grown athletes were trying to wrestle inside a parked car while spectators were watching in disbelief.

    I laughed so hard that I couldn’t breathe for a moment.

    Yet the more I watched, the more fascinated I became.

    Not long afterward, I found a local event and
    decided to watch in person. The crowd energy was amazing.
    There were fans discussing athletic techniques and sports
    culture. Some people even joked about which athlete
    would be the favorite if a sports betting market ever offered odds on the matches.

    Eventually I wanted to participate. I signed up for beginner training.
    My first session was a disaster. I hit my head on the roof,
    got stuck near a seat, and accidentally opened a door at the worst possible moment.
    Everyone laughed. Yet I kept coming back.

    Week after week, I improved. I learned how to use
    technique and movement. The car stopped feeling tiny.
    Soon I was entering small tournaments. My friends thought
    I was completely crazy. Whenever someone asked what sport I practiced, the conversation usually went like this:

    “CarJitsu.”

    “What is that?”

    “Imagine wrestling inside a car.”

    “You’re joking.”

    “No, that’s the actual sport.”

    The craziest match of my career came later.
    My opponent was massive. He looked like he could carry an engine block.
    Before the match started, he smiled and said, “Good luck.”
    I should have listened.

    The match began, chaos exploded. We bounced between seats,
    bumped into doors, and nearly tangled ourselves in everything inside the vehicle.
    The crowd was roaring. Spectators were going crazy.

    Then came the moment I will never forget.

    My opponent grabbed the car seat belt and accidentally turned it into what looked like a wild whip.
    As we struggled for position, the belt snapped across the
    cabin and wrapped around me in the strangest way imaginable.
    For a second I thought, “I can’t believe this is happening”

    He pulled, I twisted, the seat belt locked, the door
    opened slightly, and both of us somehow ended up
    tangled together like two confused octopuses.
    The audience was laughing so hard that some people could
    barely stay in their seats. The scene was unbelievable.

    For a brief moment, I genuinely thought my opponent was
    going to destroy me. Fortunately, the officials quickly intervened when things became unsafe, and the
    situation was resolved without serious injury. Afterward we both burst out laughing.

    Spectators cheered. Even today people who were there still
    talk about “the legendary belt tangle.”

    Thinking about my journey, CarJitsu remains one of the most
    unusual sports I have ever experienced. It gave me friendships, stories, and unforgettable memories.
    Whether people are discussing sports culture and competition,
    very few things create reactions like CarJitsu.

    Whenever someone asks me about unusual sports, I always tell them about the
    day I climbed into a car in 2018 and accidentally became a CarJitsu competitor.
    Nobody believes it at first. But after hearing about tournaments, athletes,
    training sessions, sports fans, betting conversations, sportsbook discussions, and
    my unforgettable seat belt battle, they usually agree on one thing:

    CarJitsu is absolutely insane.

    Reply

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