These 10 Billionaires Rule Their Countries' GDPs

By SiliconIndia   |   Thursday, 27 March 2014, 13:30 Hrs
cmt right
Comment Right
cmt right
cmt right
Printer Print Email Email

BANGALORE: There are a number of billionaires who contribute a big chunk to their country’s GDP. These people wield a lot of power, influence the political decision making in their respective countries and some of them have gone to the extent of joining politics and occupying the highest public office of their respective countries. “Money is like muck, not good except it be spread”, said Francis Bacon. Some of them seem to take note of this wise observation and are giving away large portions of their amassed wealth for public good. Here’s a compilation of 10 such individuals, with inputs from Forbes.

Bidzina Ivanishvili: The Georgian businessman made most of his fortune in Russia, where he set feet at the age of 34. He started with selling computers and push button telephones.Later, he acquired ailing enterprises, revived them and sold them. He also reaped benefits from banking, hotel industry and metals.  He returned to Georgia in 2003. In April 2012, he plunged into active politics by forming a political party ‘Georgian Dream–Democratic Georgia’. He promised to make Georgia a ‘perfect European democracy’. The Georgian population voted him to power and he became the Prime Minister. Thirteen months later, he stepped down and handed over the power to his trusted ally—Irakli Garibashvili.Ivanishvalli’s net worth is $5.2 billion and his contribution to Georgia’s GDP is 6.4 percent.

Read More:

India Ranks Third for Counterfeit Goods Seized In US: Report

How Color of the Logos Define Big Brands

next new
SpiceJet plans aggressive
Budget passenger carrier SpiceJet plans to aggressively expand its international networks to fl..
Fossil Group sells smartwatch
Global watch and accessories maker Fossil Group has announced to sell its smartphone technolog..
Ola raises Rs 400 cr for electric
Leading ride-hailing cab aggregator Ola on Friday said it raised Rs 400 crore from its early in..
GST rate cut to spur Bengaluru
The realty market in India's tech hub is set to grow as lower Goods and Services Tax (GST) rate..