See full version: Indian Americans household income average USD 120,000 annually: Report
The median household income for Asians (USD 87,194)-which is 1.2 - 2 times higher than Black (USD 41,511), Latinx (USD 51,404) and White (USD 67,937) households-suggests that Asian households are doing quite well, the coalition said. [links]
This pattern of vastly different economic statistics across AAPI (Asian American and Pacific Islanders) subgroups is similar across a variety of indicators, including poverty rate, homeownership rates and rent burden, it said.
Washington: The household income of Indian American family on an average is USD 120,000 (over Rs 87 lakhs) per annum, surpassing all ethnic groups and white Americans as well, according to a report. more
Coalition for Asian Pacific American Community Development in its report said data shows that some groups, like Indian households, are earning remarkably high incomes (USD 119,858), others, like Burmese households, are earning incomes (USD 45,348) comparable to those earned by Black (USD 41,511) and Latinx (USD 51,404) households.
This pattern of vastly different economic statistics across AAPI subgroups is similar across a variety of indicators, including poverty rate, homeownership rates and rent burden, which when put together correlate with the fact of extreme economic inequality within the larger category of AAPI-an unfortunate reality that is too often overlooked, it said. LKJ AMS
Kotak Mahindra Bank, one of India's top four private banks, was founded and is run by India's wealthiest banker. Kotak sold $950 million worth of shares in June to reduce his stake in the bank to 26%, as required by the Reserve Bank of India. Kotak founded Kotak Capital Management Finance Ltd after completing his MBA (which later became Kotak Mahindra Finance Ltd). He grew a bill-discounting start-up into a financial services conglomerate with assets of US$19 billion (as of March 2014) and the second-largest scheduled commercial bank by market capitalization in India (private and PSU) with over 1250 branches from a seed capital of less than US$80,000 borrowed from family and friends. here
NET WORTH: $50.5 BILLION
RESIDENCE: AHMEDABAD
Cyrus Poonawalla [links]
NET WORTH: $12.7 BILLION
RESIDENCE: PUNE [links]
Radhakishan Damani more
Compared to this, Mukesh Ambani, chairman of Reliance Industries, has total wealth of Rs 3,01,240 crore ($44.3 billion) on 13 July. He is the richest man in India. Also Read - After Facebook, Amazon, Apple Delays Return to Office Until January 2022 as Covid Cases Surge more
According to Forbes, Azim Premji is the second richest Indian and was ranked 58th on the overall list with a net worth of USD 18.8 billion, followed by Lakshmi Mittal (62nd position, net worth of USD 18.5 billion), Shiv Nadar (98th, USD 14.6 billion) and Dilip Shanghvi (115th, USD 12.8 billion). here
Bill Gates is known for his charity activities. He donated around 700 million Microsoft shares to the Bill and Melinda Gates Foundation. Not only shares he also donated around Rs 20,000 crore ($2.9 billion) in cash to charities over the period of past 22 years. Bill Gates is followed by Warren Buffett at Rs 5,64,400 crore ($83 billion). Also Read - Raksha Bandhan Offer: Buy Gift Cards From Paytm, Amazon And Get Attractive Cashback | Details Here
Bezos is in the same league of the Walton family, which is the richest dynasty having a wealth of $151.5 billion.
Most peoples earnings are not a matter of public record and in most countries tax information is confidential. Therefore until a person dies (when their the size of their estate is a matter of public record) any speculation as to their daily or annual income is just that, speculation. It would however be fair to say that Bill Gates is a multi billionaire (as the result of his own hard work) and that his daily income must be in excess of a million dollars. more