The fortune of Russian billionaires exceeded 35% of the country’s GDP – analytical data

In the rating of the fortune of billionaires in relation to GDP, Russia took the leading place. It is followed by Sweden, India, USA and France.

In the analytical column of the American consulting company Morgan Stanley, Ruchir Sharma made a kind of rating using the Forbes list of billionaires and estimates of the size of the countries’ GDP according to the International Monetary Fund.

As reported by the AFP agency, Russia is in the first place in Ruchira Sharma’s list – about 35% of the gross domestic product falls on the share of Russian billionaires. Sweden confidently took the second place (30% of GDP), followed by India (20%). The United States and France lagged slightly behind – 19% and 17%, respectively.

Sharma also ranked individuals according to the ratio of their wealth to the GDP of the country of residence. It is led by the Spaniard Amancio Ortega, founder of Inditex ($ 77 billion), who shares first place with the Mexican Carlos Slim ($ 63 billion), a Lebanese businessman, both of whom own 5.3% of the gross domestic product of their countries. The world’s richest man, Jeff Bezos, founder of Amazon, has a net worth equal to 0.8% of US GDP ($ 177 billion). And Russian Alexei Mordashov has at his disposal a capital of $ 29 billion, equal to 1.7% of Russia’s GDP.

Ruchir Sharma divided all billionaires into 3 main groups – inherited wealth, earned it in manufacturing and received capital as a result of corruption, real estate transactions or mining. While those in the first two groups are called “good” billionaires by the analyst, those in the third are classified as “bad”.

Most of the latter are in Mexico and Russia. In terms of the number of hereditary billionaires, France and Germany are ahead of all. Most of the “good” people live mainly in South Korea, Taiwan, Indonesia, China, Australia.





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