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Billionaires find big wins in big government

Ruchir Sharma   •
©The Financial Times Limited 2020 Jun 19, 2023 / 11:43 AM IST
All Rights Reserved. FT and Financial Times are trademarks of the Financial Times Limited Not to be redistributed, copied or modified in any way.

In India and Russia, billionaire wealth is nearly double the average of other developing economies

Since the billionaires own most of the financial assets, they gained the most. The world has its first 12-figure tycoons, and some of the biggest fortunes are now rising in countries with the biggest governments, like France.

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