Global Wealth Gap: India’s Richest Far Outweighs Average Citizens Compared to Canada and Australia
India’s richest person is worth $105B while the country’s per capita income is $2,500, highlighting extreme wealth disparity. Comparison with Canada and Australia shows stark differences in relative wealth.
November 2025:
Recent data on billionaires and per capita income highlights stark global wealth disparities. India’s richest individual is estimated to be worth $105 billion, while the country’s per capita income remains just $2,500. In contrast, Canada and Australia’s wealthiest individuals are far less wealthy in absolute terms, but the gap between them and the average citizen is much smaller.
Country-wise Breakdown
|
Country |
Richest Person’s Net Worth |
Per Capita Income |
Wealth-to-Average-Income Ratio |
|
India |
$105B |
$2,500 |
42,000,000 |
|
Canada |
$38B |
$55,000 |
690,909 |
|
Australia |
$29B |
$65,000 |
446,154 |
- India: The richest person’s wealth equals the total annual income of 42 million average Indians, showing extreme wealth concentration.
- Canada: The wealthiest individual has a ratio of 690,909, significantly lower than India, suggesting a more balanced distribution relative to the population.
- Australia: With a ratio of 446,154, the richest Australian’s wealth is less extreme compared to the average citizen than India’s.
Insights and Implications
- Absolute wealth vs relative wealth: While India’s billionaire surpasses Canada and Australia’s richest in absolute terms, the relative disparity with average citizens is alarming.
- Economic inequality: India demonstrates one of the highest concentrations of wealth relative to per capita income among major countries.
- Policy implications: This stark contrast highlights the need for wealth redistribution policies, economic reforms, and inclusive growth strategies.
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