Wealth inequality among male and female billionaires in India: A gender perspective

Abstract

Over the years, the world has seen an increase in the concentration of wealth among the top 10%. India, in particular, consists of a population with rampant income and wealth inequality, which is also reflected within its billionaires. Despite the top 100 billionaires of India amassing wealth unimaginable to the rest of its population, there are variances in the net worth among these hundred individuals which is exacerbated even further when data is dissected in terms of gender. Female billionaires only exist in a handful, and their combined net worth falls short by almost $702 billion as compared to that of male billionaires. This paper attempts to study whether inequality in net worth among the top 100 billionaires of India is reflected in the gender disparity of wealth, especially at the top levels. The analysis also considers implications about female representation by focusing on gender inequality at the extreme top of India’s wealth and income distribution over the period of 2014-21. Using data from Forbes’ Rich India List, it reflects on how the presence of female billionaires in India is a positive sign of progress and achievement while highlighting the need for continued efforts to promote economic empowerment for women.