TIL - In India top 1% of income earners now control over 40% of the country's wealth
A significant increase from 12.5% in 1980
What percentage of Grapevine lies in the top 1%
1% rich = billionaires. Anyone who has accumulated such wealth wouldn't be on Grapevine 💰
So you are saying ki I am not a billlionaire? 🤧
You are wrong Gojek. Anyone who has 1.5 Cr networth (175k USD) is considered 1% in India
Grapevine junta with 50 lakhs package at 5 years exp 🤣😜 asking are they being lowballed with 70 lakh offer and top it all have temerity to ask how is WLBðŸ˜
Vast majority of Grapevine users will be top 1% as it takes 1.5 cr networth to be 1%. When we think of 1%, we immediately think of Ambani, Tata etc. In truth they are in top 0.000001%. Your average 1% is likely to be FAANG employee or a doctor
And just 200 families have some 80% of that 40%
A significant increase from 12.5% in 1980
The present-day golden era of Indian billionaires has produced soaring income inequality in India—now among the highest in the world and starker than in the U.S., Brazil, and South Africa.
The gap between India’s rich and poor is now...
The last I saw, to be in top 1% individual in terms of wealth, you needed to have assets worth $77k. This is from news article of 2020. Sharing link here - https://timesofindia.indiatimes.com/business/india-business/this-is-what-it-take...
Rahul Gandhi in a rally says this : "The youth who are unemployed and watching Facebook Instagram reels today will be given ₹1,00,000 khatakhat khatakhat!"
Now, I don't know how can someone be an advocate for this kind of statement? I k...
I definitely should earn 53LPA!