What is the richest caste in India
India: super-rich billionaires like to skimp
In the heart of Mumbai is India's most expensive house - a 27-story box building that only houses one family: the Ambanis. Mukesh Ambani is the richest man on the subcontinent with an estimated $ 20 billion. In his house Antilia there is space for 168 cars, it has three helicopter landing pads, nine elevators, a cinema and a temple, as the magazine "Vanity Fair" reported.
Ambani grew rich with refineries, oil and gas. He built up the Reliance company together with his father in the 1980s. India's second richest man, Dilip Shanghvi, is also a self-made billionaire. He managed to amass $ 17 billion with the pharmaceutical company Sun Pharmaceutical Industries. The third on the "Forbes" list, Azim Premji, is the head of the software company Wipro with 16 billion. The magazine lists more than 100 Indian billionaires in 2014, compared to just 55 in the previous year.
So far, little willingness to practice charity
In terms of philanthropy, however, the 69-year-old Premji left the other super-rich in India far behind. These usually only give back a few per mille or percent to society. On the other hand, Premji donated more than 12 percent of his money to charity last year, reported the Chinese magazine "Hurun", which also takes a close look at the rich in India. The Wipro boss gave seven times as much as the second on the list, the metal magnate Anil Agarwal.
Premji is certain that this will change soon. "We're going to see a lot of large-scale philanthropy in the years ahead," he said. In the USA, too, industrialists like Andrew Carnegie and John D. Rockefeller first created wealth with oil and steel before they became pioneers in donations at the end of the 19th and beginning of the 20th centuries. "By comparison, India is still at the very beginning of developing a modern economy and building wealth."
30 percent of Indians live below the poverty line
Premji is the only Indian member of the "The Giving Pledge" initiative founded by US investor legend Warren Buffett and Microsoft founder Bill Gates - and has thus committed to surrender at least 50 percent of his assets. His foundation uses most of it for education, especially for state elementary schools. Education is arguably the most important social institution when it comes to improving society, says Premji.
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