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World's Richest Governments.
Interesting for those who are financially inclined to get a better perspective on the world's economies. We know the world's richest man is Carlos Slim Helu of Mexico,
followed by Bill Gates and Warren Buffet of USA.
How about governments?
Which countries' government is the richest (having most money that is, in US$)
If you are expecting North American and European nations, you might be disappointed.
While the countries look rich, wealthy European nations can't withstand a prolonged major financial crisis, just like Greece.
The USA might have the biggest economy, but the American government is not at all rich; in fact, it can't even take out $150bn if asked to now without resorting to borrowing.
To date the US government has borrowed $14 trillion!
The UK, likewise, while the country/people are rich, the government isn't.
The UK government's debt stands at $9 trillion now.
World's Richest Government
Richest governments after 2008-2009 financial crises:
1. Peoples Republic of China
National reserves: $2,454,300,000,000
National reserves: $1,019,000,000,000
National reserves: $458,020,000,000
4. Saudi Arabia
National reserves: $395,467,000,000
National reserves: $362,380,000,000
National reserves: $279,422,000,000
7. South Korea
National reserves: $274,220,000,000
National reserves: $262,000,000,000
9. Hong Kong, China
National reserves: $256,000,000,000
National reserves: $255,000,000,000
Here are the rest, in million US$:
11 Singapore / 203,436
12 Germany / 189,100
13 Thailand / 150,000
14 Algeria / 149,000
15 France / 140,848
16 Italy / 133,104
17 United States / 124,176
18 Mexico / 100,096
19 Iran / 96,560
20 Malaysia / 96,100
21 Poland / 85,232
22 Libya / 79,000
23 Denmark / 76,315
24 Turkey / 71,859
25 Indonesia / 69,730
26 United Kingdom / 69,091
27 Israel / 62,490
28 Canada / 57,392
29 Norway / 49,223
30 Iraq / 48,779
31 Argentina / 48,778
32 Philippines / 47,650
33 Sweden / 46,631
34 United Arab Emirates / 45,000
35 Hungary / 44,591
36 Romania / 44,056
37 Nigeria / 40,480
38 Czech Republic / 40,151
39 Australia / 39,454
40 Lebanon / 38,600
41 Netherlands / 38,372
42 South Africa / 38,283
43 Peru / 37,108
44 Egypt / 35,223
45 Venezuela / 31,925
46 Ukraine / 28,837
47 Spain / 28,195
48 Colombia / 25,141
49 Chile / 24,921
50 Belgium / 24,130
51 Brunei / 22,000
52 Morocco / 21,873
53 Vietnam / 17,500
54 Macau / 18,730
55 Kazakhstan / 27,549
56 Kuwait / 19,420
57 Angola / 19,400
58 Austria / 18,079
59 Serbia / 17,357
60 Pakistan / 16,770
61 New Zealand / 16,570
62 Bulgaria / 16,497
63 Ireland / 16,229
63 Portugal / 16,254
64 Croatia / 13,720
65 Jordan / 12,180
66 Finland / 11,085
67 Bangladesh / 10,550
68 Botswana / 10,000
69 Tunisia / 9,709
70 Azerbaijan / 9,316
71 Bolivia / 8,585
72 Trinidad and Tobago / 8,100
73 Yemen / 7,400
74 Uruguay / 8,104
75 Oman / 7,004
76 Latvia / 6,820
77 Lithuania / 6,438
78 Qatar / 6,368
79 Cyprus / 6,176
80 Belarus / 6,074
81 Syria / 6,039
82 Uzbekistan / 5,600
83 Luxembourg / 5,337
84 Guatemala / 5,496
85 Greece / 5,207
86 Bosnia and Herzegovina / 5,151
87 Cuba / 4,247
88 Costa Rica / 4,113
89 Equatorial Guinea / 3,928
90 Ecuador / 3,913
91 Iceland / 3,823
92 Paraguay / 3,731
93 Turkmenistan / 3,644
94 Estonia / 3,583
95 Malta / 3,522
96 Myanmar / 3,500
97 Bahrain / 3,474
98 Kenya / 3,260
99 Ghana / 2,837
100 El Salvador / 2,845
101 Sri Lanka / 2,600
102 Cambodia / 2,522
103 Côte d'Ivoire / 2,500
104 Tanzania / 2,441
105 Cameroon / 2,341
106 Macedonia / 2,243
107 Dominican Republic / 2,223
108 Papua New Guinea / 2,193
109 Honduras / 2,083
110 Armenia / 1,848
111 Slovakia / 1,809
112 Mauritius / 1,772
113 Albania / 1,615
114 Kyrgyzstan / 1,559
115 Jamaica / 1,490
116 Mozambique / 1,470
117 Gabon / 1,459
118 Senegal / 1,350
119 Georgia / 1,300
120 Panama / 1,260
121 Sudan / 1,245
122 Zimbabwe / 1,222
123 Slovenia / 1,105
124 Moldova / 1,102
125 Zambia / 1,100
126 Nicaragua / 1,496
127 Mongolia / 1,000
128 Chad / 997
129 Burkina Faso / 897
130 Lesotho / 889
131 Ethiopia / 840
132 Benin / 825
133 Namibia / 750
134 Madagascar / 745
135 Barbados / 620
136 Laos / 514
137 Rwanda / 511
138 Swaziland / 395
139 Togo / 363
140 Cape Verde / 344
141 Tajikistan / 301
142 Guyana / 292
143 Haiti / 221
144 Belize / 150
145 Vanuatu / 149
146 Malawi / 140
147 Gambia / 120
148 Guinea / 119
149 Burundi / 118
150 Seychelles / 118
151 Samoa / 70
152 Tonga / 55
153 Liberia / 49
154 Congo / 36
155 São Tomé and Príncipe / 36
156 Eritrea / 22
Big national reserves don’t guarantee prosperity however, for instance, the yearly expenses for China's government is $1.11 trillion, their government must always think of economic growth and making more money.
China's Govt overspent $110bn last year, much on it towards modernizing their military, if it goes on like this their reserves can only last for 22 yrs.
The Malaysian Govt overspent $13bn last year, if it goes on like this their reserves can only last for 7 yrs.
The Singaporean government overspent $3bn last year, much of it rescuing their banks from financial crisis, if it goes on like this their reserves can last 68 yrs.
The Swiss Govt overspent $1bn last year, if it goes on like this their reserves can last 262 yrs.
A country normally can borrow up to 100% its GDP, a very strong industrial country or very financial stable nation can borrow up to perhaps 200% its GDP, debts over 250% GDP the country is bankrupted.
Greece's Debts Is 113.40% GDP, In Danger As It Is Not Considered A Strong Industrial Or Financial Country.
Iceland Is 107.60%, Also In Crisis As It Is Not So Strong Industrial Or Financially.
Singapore Debts Is 113.10%, Not In Hot Water Due To Its Global Financial Hub Status, And Also Its Financial Strength. It's Only Dangerous For Singapore When It Reaches 200%
Japan Debts Is 189.30%, Still Under Radar As A Powerful Industrial Nation. It Needs To Panic Only At Around 200%
US Has The World Largest Debts, But It Is Only 62% Its GDP, It Is Not In Any Immediate Danger Of Bankruptcy.
Zimbabwe Debts Is 282.60% GDP, It Is A Bankrupted Nation.
Malaysia Debts Is Currently At 53.70% GDP.
Hong Kong And Taiwan Is Doing Pretty Good With Debts At 32-37% GDP
South Korea Is Even Better With Debts At 23.5% GDP
China Is Very Stable With Debts At 16.90% GDP
Russia Is Like A Big Mountain With Debts Only At 6.30% GDP
There Are Only 5 Countries With No Debt (I.E. 0%) –
Brunei, Liechtenstein, Palau, Nieu, And Macau Of China.
From United Arab Emirates, Dubai
arun_3210Thank you Vigsysjesu and thank you PvQ.I think, i have to spare one full day to look into facts and my heartful thanks for your involvments to both of you in taking these facts. Regards A.Arun
From India, Chennai
email@example.comThanks a lot for giving us tremendous knowledge. keep it up and do share these kind of knowledge every now and then. Regards Vikram Singh Rawat mob. 09411549850
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INDIA'S 27 HIGHEST PAID EXECUTIVES - NEWS
Last updated on: January 14, 2011 08:07 IST
1. Naveen Jindal - Salary: Rs 69.757 crore
Interestingly, topping the list of India's highest paid executives in India is a Member of Parliament from Kurukshetra, Naveen Jindal who is also the executive vice chairman and managing director of Jindal Steel & Power. Naveen Jindal, of the Congress, has topped the list with a remuneration of Rs 69.757 crore (Rs 697.57 million).
2. Kalanithi Maran - Salary: Rs 37.08 crore
Kalanithi Maran is the Chairman and Managing Director of Sun TV Network Limited and SpiceJet.He earned a salary of Rs 37.08 crore (Rs 370.8 million) in 2010. Kalanithi Maran heads Sun TV, India's biggest regional broadcaster. He owns 21 television channels in Tamil, Telugu, Malayalam and Kannada and 42 FM stations in Tamil, Telugu, Kannada and Hindi. He is a shareholder in Red FM. He also owns two Tamil newspapers and four Tamil magazines. In 2008, in partnership with Malaysia's Astro, he launched Sun Direct, a direct-to-home satellite television service provider. There are expansion plans in the pipeline, particularly in the television and radio industries. Maran is the son of the late DMK leader and former Union minister Murasoli Maran, the grandnephew of DMK president M Karunanidhi, and the brother of Dayanidhi Maran, former Union minister for communications and information technology.
3.Kavery Maran - Salary: Rs 37.08 crore
Kavery Maran is Kalanithi Maran's wife. She is the joint managing director of Sun TV Network Limited.In 2010, she took home the same salary as her husband: a whopping Rs 37.08 crore (Rs 370.8 million). She also looks after the operations of their vast business.
4. Pawan Munjal - Salary: Rs 30.88 crore
Pawan Munjal is the fourth highest paid CEO in India with a compensation of Rs 30.88 crore (Rs 308.8 million) plus a commission of Rs 29.50 crore (Rs 295 million), a rise of over 50 per cent over 2009. His total earnings in 2010 thus stand at Rs 60.38 crore (Rs 603.8 million). However, this list ranks executives only on their salary and does not also include the commissions they might have received. Pawan Munjal is the managing director and CEO of Hero Honda. He is responsible for growth and strategic planning for the entire group.
5. Brijmohan Lall Munjal - Salary: Rs 30.638 crore
B M Munjal is the fifth highest paid CEO with a package of Rs 30.638 crore (Rs 306.38 million).He also earned a commission of Rs 29.50 crore (Rs 295 million) in 2010.His total earnings in 2010 thus stand at Rs 60.13 crore (Rs 601.3 million). Founder director and chairman of the $2.8 billion Hero Group, Brijmohan Lall Munjal has also served as the president of Confederation of Indian Industry (CII), Society of Indian Automobile Manufacturers (SIAM). He has also won the Padma Bhushan Award.
6. Toshiaki Nakagawa - Salary: Rs 30.03 crore
Toshiaki Nakagawa, Joint managing director, Hero Honda is at the sixth position in terms of highest salaries drawn by executives in India. Nakagawa's salary is at Rs 30.03 crore (Rs 300.3 million). He too earned a commission of Rs 29.50 crore (Rs 295 million) in 2010, putting his total earnings at Rs 59.53 crore (Rs 595.3 million).He joined Honda Motor Co, Ltd, Japan in April 1973. He later took over various assignments at senior positions in the worldwide Honda network. He looks at overseas sales of automobiles and motorcycles.
7. Sumihisa Fukuda - Salary: Rs 29.91 crore
Sumihisa Fukuda, Technical director, Hero Honda received an 89 per cent hike in his compensation. His salary stands at Rs 29.91 crore (Rs 299.1 million) He also earned a commission of Rs 29.50 crore (Rs 295 million) in 2010. His total earnings come to Rs 59.41 crore (Rs 594.1 million). Sumihisa Fukuda who was appointed as an additional and technical director on May 13, 2008, has more than 30 years of experience.
8. Onkar Kanwar - Salary: Rs 29.69 crore
The Chairman of Apollo Tyres, Onkar Kanwar saw a whopping rise in salary commensurate with a rise in company's profit. Kanwar bagged the eighth highest salary of Rs 29.69 crore (Rs 296.9 million), a rise of 222 per cent. He also got a commission of Rs 18.50 crore (Rs 185 million), taking his total earnings to Rs 48.19 crore (Rs 481.9 million). Onkar Kanwar is the chief architect of the company's vision and guides the company's operations. Under his leadership in the 1980s and 90s, Apollo
9. Pankaj Patel- -Salary: Rs 28.63 crore
Pankaj Patel, Chairman and Managing Director of Cadila Healthcare, with a salary of Rs 28.63 crore (Rs 286.3 million) is the tenth highest paid CEO in India.
10. Kumar Mangalam Birla - Salary: Rs 28.467 crore
Head of commodities conglomerate Aditya Birla Group has his hands full with a move to restructure group's cement business. His salary for the year 2010 was 28.467 crore (Rs 28.467 million).He also received a commission of Rs 28.45 crore (Rs 284.5 million), taking his total earnings for the year to Rs 56.917 crore (Rs 569.17 million).Kumar Birla is also the tenth richest Indian.
11. P R R Rajha - Salary: Rs 27.60 crore
Unlike other CEOs, PRR Rajha's compensation dropped by 3 per cent to Rs 27.91 crore (Rs 279.1 million). But he also got a commission of Rs 27.60 crore (Rs 276 million), taking his annual earnings to Rs 55.51 crore (Rs 555.1 million).
Rajha is the Managing Director of Madras Cements Ltd. He also serves as Chairman of Ramco Systems, Ramco Industries and Rajapalayam Mills Ltd.
12. Sunil Mittal - Salary: Rs 23.488 crore
A first generation entrepreneur, Sunil Bharti Mittal started his first business in April 1976 at the age of 18, with a capital investment of Rs 20,000 borrowed from his father. His first business was to make crankshafts for local bicycle manufacturers. His salary for the year 2010 stood at Rs 23.488 crore (Rs 234.88 million), making him the 12 highest paid executive in India. Mittal's Bharti Enterprises is now one of India 's leading business groups with interests in telecom, financial services, retail, manufacturing, and agri business.
Sunil Mittal started his career after graduating from Punjab University in India . He founded Bharti in the year 1976. Today, at 50, he heads a successful enterprise with a market capitalization of about $40 billion employing over 30,000 people.
13. Markand Bhatt - Salary: Rs 21.501 crore
Markand Bhatt, who is an Indian Institute of Management-Ahmedabad alumnus, heads the Torrent Group. His salary was Rs 21.501 crore (Rs 215.01 million) in 2010. Apart from tis, he received a commission of Rs 17.60 crore (Rs 176 million). His other directorships include Torrent Power Ltd., Torrent Pipavav Generation Ltd., and Torrent Energy Ltd.
14. Sajjan Jindal - Salary: Rs 19.273 crore
Sajjan Jindal is the Vice Chairman and Managing director of JSW Steel. His pay packet for 2010 was Rs 19.273 crore (Rs 192.73 million). JSW Steel is India's third-largest steel producer.
15. Vivek Kumar Jain - Salary: Rs 18.184 crore
Vivek Jain is the Managing Director of Gujarat Fluorochemicals.His salary for 2010 stood at Rs 18.184 crore (Rs 181.84 million). He also earned a commission of Rs 17.613 crore (Rs 176.13 million) during the year. He is a graduate of Commerce from St Stephens College Delhi and also has a post graduate degree in Business Administration from the Indian Institute of Management Ahmedabad. He has over 25 years of rich business experience in setting up and managing several businesses. Gujarat Fluorochemicals Limited is a part of the $2 billion INOX group of companies -- a family owned, professionally managed business group, with interests in diverse businesses. Listed on both the Bombay Stock Exchange and national Stock Exchange, GFL has a market capitalisation of close to $1 billion.
16. E Sudhir Reddy - Salary: Rs 18.182 crore
E Sudhir Reddy, the Chairman and Managing director of IVRCL Infrastructure and Projects. He received a salary of Rs 18.182 crore (Rs 181.82 million) in 2010 and a commission of Rs 16.684 crore (Rs 166.84 million), making him the 16t highest paid executive in India.
17. D Bhattacharya - Salary: Rs 17.143 crore
D Bhattacharya is the Managing Director of Hindalco. He heads the Aditya Birla Group's non-ferrous metals business. In 2010, he received a salary of Rs 17.143 crore (Rs 171.43 million).
18. Rick Bott - Salary: Rs 16.474 crore
Cairn India's executive Director and Chief 0perating Officer, Rick Bott, is the 18th highest paid executive in India. In 2010, is salary was Rs 16.474 crore (Rs 164.74 million).Bott has over 20 years experience and has joined Cairn India from Devon Energy's International division where he was vice president responsible for developing and implementing business growth and exploration strategy.
19. N Srinivasan - Salary: Rs 15.938 crore
N Srinivasan, Managing Director, India Cements is India's 19th highest paid executive. His salary was Rs 15.938 crore (Rs 159.38 million). In 2010. Besides, he also received a commission of Rs 10.11 crore (Rs 101.1 million) during the period. N Srinivasan is also the Secretary of the Board of Control for Cricket in India and owner of the IPL team Chennai Super Kings.
20. A M Naik - Salary: Rs 15.297 crore
Anil M Naik is the Chairman and Managing Director of Indian Engineering giant Larsen & Toubro. He was awarded the Padma Bhushan in 2009. In 2010, his salary was Rs 15.297 crore (Rs 152.97 million). He also received a commission of Rs 10.55 crore (Rs 105.5 million).
21. Mukesh Ambani - Salary: Rs 15 crore
Mukesh Ambani, the Chairman and Managing Director of Reliance Industries Ltd, earned a salary of Rs 15 crore plus commission of Rs 4.64 crore, taking his annual earnings to Rs 19.64 crore (Rs 196.4 million). Mukesh Ambani has been ranked India's richest person, and the world's fifth richest man, by business magazine Forbes. At $27 billion, Mukesh Ambani is as rich as Larry Ellison, the third richest American. Bill Gates at $54 billion is twice as rich as Ambani. Ambani, who joined Reliance in 1981, led the creation of the world's largest grassroots petroleum refinery at Jamnagar, Gujarat, built at a cost of Rs 100,000 crore (Rs 1,000 billion).
22. Bharat Singhania - Salary: Rs 14.445 crore
Bharat Hari Singhania is the ManagingDirector of JK Corp, the cement arm of the JK Group. For 2010, his salary was Rs 14.445 crore (Rs 144.45 million). He also received a commission of Rs 12.276 crore (Rs 122.76 million) during the year.
23. Jayadev Galla - Salary: Rs 13.84 crore
Jayadev Galla is Managing Director of Amara Raja Batteries Ltd. He received a salary of Rs 13.84 crore (Rs 138.4 million) in 2010. During the same year, he also got a commission of Rs 13.589 crore (Rs 135.89 million), taking his total earnings to Rs 27.429 crore (Rs 274.29 million).
24. Rahul Dhir - Salary: Rs 13.563 crore
Rahul Dhir is Chief Executive Officer of Cairn India. His salary for 2010 was Rs 13.563 crore (Rs 135.63 million). He completed his degree in Bachelor of Technology from the Indian Institute of Technology, Delhi. He went on to complete his M.Sc from the University of Texas at Austin and MBA from the Wharton Business School in Pennsylvania.
25. Murali K Divi - Salary: Rs 13.47 crore
Murali K Divi is the Chairman and Managing Director of Divi's Labs. His salary in 2010 was Rs 13.47 crore (Rs 134.7 million), while he also received a commission of Rs 12.53 crore (Rs 125.3 million) during the same year.
56. Azim Premji - Salary: Rs 7.869 crore
Azim Premji, Chairman of Software major Wipro, received a salary of Rs 7.869 crore (Rs 78.69 million). He also got a commission of Rs 6.515 crore (Rs 65.15 million). He is the 56th highest paid executive in India. Wipro has done well over the last one year, recording a significant turnaround. Wipro has also signed a $500-million, nine-year contract from Unitech Wireless. Company's consumer care division bought Asian business of personal care brand Yardley from UK's Lornamead. Premji is the 3rd richest Indian.
383. Ratan Tata - Salary: Rs 2.289 crore
The chairman of India's largest conglomerate and one of the world's most admired and influential businessmen, Ratan Tata draws a very modest salary as compared to other Indian executives. The Tata Group chairman got a salary of Rs 2.289 crore (Rs 22.89 million) for 2010.He also received a commission of Rs 2.24 crore (Rs 22.4 million) for the year. He thus ranks 383 in the list of highest paid executives compiled by Business India.
(Source: Business India )
From India, Patna