The crowds, as it seemed, waited with bated breath for Shashi Tharoor to hit the lectern.

Every year, a number of very respectable organisations - management consultancies, wealth managers, tax advisors, property consultants, and media firms - try to find out the number of super wealthy people worldwide and, of course, in individual countries.

The cumulative wealth of the 831 individuals featured in the list stood at $719 billion - amounting to a quarter of Indian GDP of $2,848 billion (as per IMF estimate on 1st April 2018).

Chinese billionaire Ma, on his 54th birthday, announced that he would step down as Alibaba's executive chairman in one year to make way for the next generation of leaders at the $420 billion e-commerce giant.

Alibaba Group Holding Ltd's billionaire co-founder Jack Ma will announce a succession plan on Monday to hand the reins of his sprawling empire to a new generation of leaders but will remain executive chairman for the time being.

Alibaba co-founder and chairman Jack Ma plans to retire from the Chinese e-commerce giant on Monday to devote his time to philanthropy focused on education, he told the New York Times in an interview.

Bezos' net worth increased by $52 billion over this year. To put it in perspective, that is more than the entire fortune of Alibaba co-founder, Jack Ma.

Facebook's stock has not only recovered from the hammering it took in the wake of the Cambridge Analytica privacy scandal earlier this year, but spiked 2.4 per cent to hit an all-time high on Friday.

A clear objective, good governance and a shrewd business sense are required to script success.

The Charities Aid Foundation (CAF) revealed that in 2015, 401 million Indians helped a stranger.

The recent announcement in Mumbai about establishing Krea University inAndhra Pradesh has greater significance than just another liberal artsand sciences institution coming up in India.