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India & China in a neck-and-neck philanthropy game, but who wins?

China has more female philanthropists than India.

, ET Bureau|
Oct 22, 2019, 06.41 PM IST
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philanthropy
A big difference between givers of the two countries: the average contribution towards philanthropy.
The two Asian powers, India and China are often pitted against each other, constantly compared for their growth rates, size of economies and number of billionaires to name a few. A recent report by EdelGive Foundation and Hurun India compares the two countries and their super rich on giving. And while on some parameters the tiger and the dragon say same-same, on some, they differ quite a bit.

First, the similarities. As per the report China has 114 philanthropists (the super rich bracket, this does not account for the average joe, everyday giving), while India has 100. China does better with a slight lead but the numbers are close enough. Of these philanthropists, 93 are male on the China list and 94 in India.

Another overlap is the favoured cause of philanthropy: education. Demography is afterall a key strength for both nations. The average age of the givers is also close enough, if not exactly the same for China and India. For the former, it is 59 years and the latter, it’s 64.

Now the differences. China has more female philanthropists than India. While there 21 female philanthropists in China as per the report, India has just six. Rohini Nilekani (wife of Infosys cofounder Nandan Nilekani) leads the pack in India with a contribution of Rs 142 crore according to the report.

Another big difference between givers of the two countries: the average contribution towards philanthropy.

Bottomline: the Chinese philanthropist gives a lot more on an average. The average contribution there is Rs 210 crore as per the report, whereas for India, it is Rs 44 crore. That’s a significant gap to bridge there.

Mukesh Ambani's Rs 15 Cr Salary Isn't As Interesting: These Top Bosses Earn More Than Him

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Billionaire Boys Club

21 Aug, 2019
Mukesh Ambani Chairman and MD, RIL Pay package: Rs 15 crore When your net worth is approximately $50 billion, a no pay hike isn’t a major cause for concern. In fact, at that level, an annual salary figure of Rs 15 crore itself could feel like pocket change — even though this compensation includes salary and allowances, perquisites, retiral benefits and commission. “Compensation of Shri Mukesh D. Ambani, chairman and managing director, has been set at Rs 15 crore, reflecting his desire to continue to set a personal example for moderation in managerial compensation levels,” says RIL’s annual report for 2018-19. Reliance promoters also received a dividend of Rs 1,778 crore (approx). Here are some top ranking C-suite members (within the non-promoter group), and are still higher on the salary front in FY19.
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