The Millionaires
How many Indians are millionaires? Take the Rediff Business Quiz and find what you know about the world's and India's richest people.
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1. How many Indians are millionaires? a) 25,000 b) 61,000 c) 100,000
Wrong! Try again..
Wrong! The correct answer is 61,000. India had 61,000 millionaires in 2003, according to the World Wealth Report by brokerage firm Merrill Lynch & Co and consultancy CapGemini Group. The report was released on June 15, 2004. India's high net worth individuals increased their wealth by 22 per cent to a whopping $267 billion (Rs 12,09,000 crore) in 2003. The rise in the number of rich people in India and China was mainly attributed to the high economic growth in 2003.
Correct! India had 61,000 millionaires in 2003, according to the World Wealth Report by brokerage firm Merrill Lynch & Co and consultancy CapGemini Group. The report was released on June 15, 2004. India's high net worth individuals increased their wealth by 22 per cent to a whopping $267 billion (Rs 12,09,000 crore) in 2003. The rise in the number of rich people in India and China was mainly attributed to the high economic growth in 2003.
2. Who is the richest Indian? a) The Ambanis b) Azim Premji c) Kumar Mangalam Birla
Wrong! Try again..
Wrong! The correct answer is the Ambani brothers. The Ambani brothers -- Mukesh and Anil -- are the richest Indians, according to Business Standard Billionaire Club 2003. The net worth of the Ambanis is estimated at Rs 23,588 crore (Rs 235.88 billion). Wipro's Azim Premji is at the second spot with a net worth of Rs 18,964 crore (Rs 189.64 billion). Malvinder and Shivender Singh of Ranbaxy Laboratories, with a net worth of Rs 5,086 crore (Rs 50.86 billion), are at the third position. London-based Indian steel tycoon Lakshmi Mittal, who runs the $8.7 billion (Rs 39,855 crore) LNM group of companies, is the richest Indian overseas.
Correct! The Ambani brothers -- Mukesh and Anil -- are the richest Indians, according to Business Standard Billionaire Club 2003. The net worth of the Ambanis is estimated at Rs 23,588 crore (Rs 235.88 billion). Wipro's Azim Premji is at the second spot with a net worth of Rs 18,964 crore (Rs 189.64 billion). Malvinder and Shivender Singh of Ranbaxy Laboratories, with a net worth of Rs 5,086 crore (Rs 50.86 billion), are at the third position. London-based Indian steel tycoon Lakshmi Mittal, who runs the $8.7 billion (Rs 39,855 crore) LNM group of companies, is the richest Indian overseas.
3. How many millionaires are there in America? a) 2.27 million b) 3.57 million c) 4.37 million
Wrong! Try again..
Wrong! The correct answer is 2.27 million. One in every 125 Americans is a millionaire -- according to the World Wealth Report by Merrill Lynch & Co and consultancy CapGemini Group. The number of millionaires in the United States stood at 2.27 million at the end of 2003. In the US and Canada, the number of ultra-rich -- those with investment assets of more than $30 million -- has reached 30,000.
Correct! One in every 125 Americans is a millionaire -- according to the World Wealth Report by Merrill Lynch & Co and consultancy CapGemini Group. The number of millionaires in the United States stood at 2.27 million at the end of 2003. In the US and Canada, the number of ultra-rich -- those with investment assets of more than $30 million -- has reached 30,000.
4. Who is the world's richest man? a) Warren Buffett b) Ingvar Kamprad c) Bill Gates
Wrong! Try again..
Wrong! The correct answer is Bill Gates. Microsoft's co-founder William (Bill) Henry Gates III is the wealthiest person in the world with a net worth of $46.6 billion, according to Forbes magazine's annual list of the world's richest people in 2004. Gates is now the chairman and chief software architect of Microsoft. Warren Edward Buffett is at the No 2 place with an estimated net worth of $42.9 billion. Recent reports said that Ingvar Kamprad, founder of Swedish furniture giant IKEA, had surpassed Gates with a personal wealth of $53 billion. But Kamprad denied this, saying he does not owns IKEA entirely and thus his wealth is much lesser than $53 billion.
Correct! Microsoft's co-founder William (Bill) Henry Gates III is the wealthiest person in the world with a net worth of $46.6 billion, according to Forbes magazine's annual list of the world's richest people in 2004. Gates is now the chairman and chief software architect of Microsoft. Warren Edward Buffett is at the No 2 place with an estimated net worth of $42.9 billion. Recently reports said that Ingvar Kamprad, founder of Swedish furniture giant IKEA, had surpassed Gates with a personal wealth of $53 billion. But Kamprad denied this, saying he does not owns IKEA entirely and thus his wealth is much lesser than $53 billion.
5. How many millionaires does the world have? a) 7.7 million b) 10.1 million c) 8.3 million
Wrong! Try again..
Wrong! The correct answer is 7.7 million. The report by CapGemini and Merrill Lynch showed that the number of high net worth individuals rose by 7.5 per cent to 7.7 million individuals. Their assets too grew by 7.7 per cent to $28.8 trillion. The survey counts those with $1 million in assets, excluding home real estate. The main reasons for the increase in rich people are a strong stock market rally and solid, global economic growth. In particular, wealthy investors in the US, China and India were able to capitalise on these trends despite a great deal of geopolitical uncertainty, the study said.
Correct! The report by CapGemini and Merrill Lynch showed that the number of high net worth individuals rose by 7.5 per cent to 7.7 million individuals. Their assets too grew by 7.7 per cent to $28.8 trillion. The survey counts those with $1 million in assets, excluding home real estate. The main reasons for the increase in rich people are a strong stock market rally and solid, global economic growth. In particular, wealthy investors in the US, China and India were able to capitalise on these trends despite a great deal of geopolitical uncertainty, the study said.
