Four Indians in Forbes list of 10 richest in the world
Four Indians are among the 10 richest in the world, the highest number from a single country, according to Forbes’ list of world’s billionaires.
While Warren Buffet, the Berkshire Hathaway investor, takes the title of the world’s richest man from Microsoft chief Bill Gates who slips to third place after a 13-year reign at the top, Britain-based industrialist Lakshmi Mittal has climbed one spot from last year to be ranked fourth this year in the US magazine’s annual list of billionaires released on Wednesday.
With a net worth of $45 billion, Mittal heads the world’s largest steel maker ArcelorMittal. He lives in Britain but retains his Indian citizenship.
Just behind Mittal is Mukesh Ambani at No 5. With a net worth of $43 billion, he is Asia’s richest resident. He heads petrochemicals giant Reliance Industries, India’s most valuable company by market cap. His fortune is up $22.9 billion since last year, making him the world’s second biggest gainer in terms of dollars. His rank last year was 14.
Mukesh’s estranged brother Anil Ambani is the biggest gainer. He now ranks sixth in the world, climbing 12 places from last year. He gained $23.8 billion over the year and is now worth $42 billion. His biggest asset is his 65 per cent stake in telecom venture Reliance Communications. He raised $3 billion last month from the Reliance Power IPO, the biggest in India’s history. Despite the hype, the stock tumbled 17 per cent immediately after it was listed.
KP Singh, chief of real estate developer DLF, has climbed from 62nd place to eighth, helped by his company’s listing which tripled his fortune to $30 billion.
Courtesy: Hindustan Times
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