3/7/2018 4:33:32 PM
|written By : Team India Se|
India has more billionaires than any other country in the world except the US and China, according to the business magazine Forbes. There are 121 Indians on the Forbes’ 2018 list of the world’s billionaires, up from 102 in 2017.
Mukesh Ambani, the energy and petrochemicals magnate, remains the richest Indian, richer by US$16.9 billion in 2018 with assets of US$40.1 billion, according to Forbes. He is now the world’s 19th richest person, up from 33rd in 2017 when he was estimated to be worth US$23.2 billion.
Forbes found a record 2,208 billionaires, collectively worth US$9.1 trillion.
The US leads the way with 585 billionaires followed by China with 373.
Amazon founder Jeff Bezos has become the world's richest man with assets valued at US$112 billion after being the third richest in 2017. His fortune leapt more than $39 billion, the list’s biggest one-year gain ever.
Microsoft co-founder Bill Gates is now the second richest after being the world’s richest man for four years in a row. He is now estimated to be worth US$90 billion, up from US$86 billion in 2017. Investor Warren Buffet is third richest with US$84 billion, up from US$75.6 billion in 2017.
Bernard Arnault of France, who oversees an empire of 70 brands including Louis Vuitton and Sephora, is the fourth richest with US$75 billion.
Facebook founder Mark Zuckerberg is the fifth richest with US$71 billion. Other tech and media tycoons in the top 20 include seventh-ranked Carlos Slim Helu of Mexico, worth US$67.1 billion, who owns a 17 per cent in the New York Times and America Movil, Latin America’s largest mobile telecom company, Larry Elison of Oracle, ranked 10th with US$58.5 billion, Michael Bloomberg, 11th ($50 billion), Google co-founders Larry Page, 12th (US$48.8 billion) and Sergey Brin, 13th (US$47.5 billion), Ma Huateng of Tencent, 17th (US$45.3 billion) and Jack Ma of Alibaba, 20th (US$39 billion), both from China.
Walmart founder Sam Walton’s children Jim Walton, Robson Walton and Alice Walton are ranked 14th, 15th and 16th respectively with fortunes valued at US$46.4 billion, US$46.2 billion and US$46 billion.
Besides Mukesh Ambani, the 19th richest man in the world, other Indians among the richest 100 in the world are Wipro chairman Aziz Premji, 58th with US$18.8 billion, steelmaker Lakshmi Mittal, 62nd with US$18.7 billion, and Shiv Nadar of HCL Technologies, 98th with US$14.3 billion. Among the 200 richest in the world are several more Indians: Dilip Shangvi of Sun Pharma, 115th, with US$12.8 billion, commodities king Kumar Birla, 127th with US$11.8 billion, Uday Kotak of Kotak Mahindra Bank, 143rd with US$10.7 billion, Radhakrishna Damani of supermarket chain D-Mart, 151st with US$10 billion, ports tycoon Gautam Adani, 154th with US$9.7 billion, vaccine-maker Cyrus Poonawalla, 170th with US$9.1 billion, Savitri Jindal of Jindal Group and Sunil Mittal of Bharti Airtel, both 176th with US$8.8 billion.
While the vast majority of the world’s billionaires added to their fortunes in the past 12 months, there were some notable losers.