Ultra Rich World: Ambani Tops Indian Billionaires; Bezos Wealthiest; Kylie Jenner Youngest ...







Autoplay Autoplay 1 of 9 It's All About Money! Like every year, Forbes World's Billionaire list highlighted some obvious names, and brought in some surprises. Amazon CEO Jeff Bezos topped the global list, and Reliance Industries Chairman Mukesh Ambani ranked 13th making him the wealthiest Indian. With 55 fewer billionaires from the previous year, the ultra-rich make a total net worth of $8.7 trillion ($400 million lower last year), Forbes reported. Here's a look at who made it to the Forbes rich list this year. Money Talk The Forbes list reported that Amazon founder Jeff Bezos (L) rules the world with a net worth of 131 billion that increased $19 billion from last year.



At the second spot, net worth of Microsoft co-founder and philanthropist Bill Gates was reported at $96.5 billion, up from 90 billion last year. The money gap between the two has widened substantially. Tales Of The Richie Rich Followed by Bezos and Gates, the 88-year-old investment guru and Berkshire Hathaway CEO Warren Buffett (L) became the third wealthiest man in the world. The magazine reported that Buffett's fortune slipped by $1.5 billion to $82.5 billion.



French luxury brand LVMH CEO Bernard Arnault held on to fourth place with net worth of $76 billion, up $4 billion from the previous year. The Ambani Power RIL head Mukesh Ambani (L), who ranks 13th on the Forbes global list, leads the 106 Indian billionaires. The industrialist's wealth increased from $40.1 billion in 2018 to $50 billion in 2019. His rank jumped six positions.



Businessman brother and chairman of Reliance Group, Anil Ambani, ranks 1349 and has a net worth of $1.8 billion. According to Bloomberg data, Ambani Jr's worth plunged 26% since January and he lost around $408 million of wealth this year after his telecom venture Reliance Communications filed for bankruptcy. Leading Ladies Forbes magazine named Kylie Jenner both the world's youngest billionaire and the youngest 'self-made' billionaire of all time, thanks to her flourishing three-year-old cosmetics company Kylie Cosmetics. With endorsements and TV appearances, Jenner has touched the billionaire-mark and her fortune is estimated at around $1 billion.



The richest Indian woman - Biocon founder Kiran Mazumdar-Shaw - holds the 617th position with a net worth of $3.4 billion.

Pay Gap No More: Nations That Rate High On Gender Equality





Autoplay Autoplay 1 of 4 Closing The Gap Iceland has become the first country in the world to force companies to prove they pay all employees the same — irrespective of gender, sexuality, or ethnicity. While the North Atlantic island leads the pack, here are other nations that rate high on the gender equality scale. Sweden Seeing a large number of women in parliament is considered a rare sight in a number of countries. But not Sweden. The nation has among the highest percentages of women in parliament in the world (44.7 per cent) while the other Nordic countries are almost as successful. Sweden has always been in the top five on the Global Gender Gap Report since its inception.



In Pic: Prime Minister of Sweden Stefan Löfven. Rwanda Many are surprised that Rwanda often features above France or America on the gender equality list, but after the 1994 genocide, Rwanda has strongly promoted equal rights for men and women. The areas that see the most equality are politics and economy. Rwanda has topped the global list of countries with the most female political parliamentarians for more than a decade.



In Pic: President of Rwanda Paul Kagame. Singapore This tiny country makes it to the list in Asia because of the increase in women’s salaries relative to men’s. It got its fi rst woman president — Halimah Yacob — last year. However, it is one of the worst performing countries on the sex ratio at birth indicator.



In Pic: Halimah Yacob is the first female

president of Singapore.

MUMBAI: Women in India earn 19% less than men, reflecting the high gender pay gap in the country, according to the latest Monster Salary Index survey released on Thursday. The gap has narrowed merely by 1% in 2018 from 20% a year ago.The latest data from the online career and recruitment solutions provider indicates that the current gender pay gap in India stands at 19%, where men (Rs 242.49) earned Rs 46.19 more in comparison to women (Rs 196.3).“The narrowing of the gender pay gap by just one percent is not just a cause for concern, but a reminder to genuinely introspect if we are doing enough,” said Abhijeet Mukherjee, chief executive officer, Monster.com , APAC & Gulf. “It becomes pivotal to galvanize forces across corporates and industries to work towards gender pay parity,” he added.The data shows gender pay difference widening with higher skill level - while there is no gender pay gap in semi-skilled work, the gap touches 20% for skilled women and 30% for highly skilled occupations. The gap increases with experience and is highest at 15% in favour of men for talent with 10 and more years of experience, showed the MSI index.This index is complemented with the key findings from the third annual survey titled ‘Women of India Inc’ undertaken by Monster.com. Nearly 60% working women in India surveyed feel discrimination at work and over one-third of the women feel that they are not easily considered for top management roles, showed the survey. About 71% men and 66% women feel that gender parity needs to be a top priority for their organisations, showed the survey that was conducted on Monster India’s database capturing responses from over 3000 working women and men. The survey witnessed maximum share of participation from Mumbai at (24%), followed by Bengaluru (23%) and Delhi/NCR at (18%). The participation from non-metros was only at about 29%.The survey findings show that about 70% men are sure or nearly convinced that movements like #MeToo add to the cause of women empowerment; though about one-fourth women feel such movements aren’t enough to shift imbalances. Nearly 86% women consider safety as key parameter while choosing a job, close to 50% women either find night shift unsafe or not a preferable option, considering 40% women respondents are from the IT/ITES industry.Sectoral analysis of the gender pay gap (GPG) showed that wage inequalities in favour of men are present in all the relevant sectors including IT/ITES services (26%); manufacturing (24%); healthcare, caring services and social work (21%). Financial services, banking and insurance is the only industry where men earn just 2% more.The ‘Women of India Inc’ survey, which showed that women feel stark discrimination at work, found that the most notable form of discrimination is perception that women are less serious about work once they are married (47%). About 46% women feel that maternity leads to a perception that they will quit. About 46% women also believe that there is a notion that women can’t put the same number of hours as men.In terms of the reasons to work, more than half of the women respondents are driven by the desire to work, rather than a need. Collectively, over 50% women say their main reason to work is- personal fulfilment (17%) and inclination to contribute to family income (33%).Majority of the respondents at 68% (which includes both women and men), feel that gender parity needs to be a top priority for their organisations. However, over one-third of the working women feel that even if it is the top priority for the senior management, they do not walk the talk.As high as 72% men feel that both men and women should receive equal opportunities at the workplace. Over one-third men also feel that organisations should put more efforts towards gender diversity. Collectively, about 66% of the men feel that gender diversity will primarily lead to a healthy work culture and contribution from an eclectic bunch will bring diverse knowledge.