According to the Bloomberg Billionaires Index, the richest 500 people on the planet have become nearly a $1 trillion richer in the last 365 days. As of the end of trading on 26 December 2017, these five hundred richest people in the planet controlled $5.3 trillion. 
 
Mukesh Ambani ($40.5 billion), Lakshmi Mittal ($19.5 billion), Azim Premji ($17.4 billion), Pallonji Mistry ($17.1 billion) and Shiv Nadar ($13.8 billion) represent India in the top 100 rankings of the index, and are worth over $108 billion together.
 

French fashion and luxury conglomerate LVMH, which owns brands like Louis Vuitton and Christian Dior, has entered the Indian hospitality market. Their investment arm, L Catterton, has bought into Impresario Entertainment and Hospitality, who own upmarket chains such as Smoke House Deli and the various Social pubs. The deal values Impresario at Rs 500 crore.