Friday, March 12, 2010

Forbes releases billionaires ’10 list




Forbes has released its 2010 list of Billionaires. There at least two Indians in the top five list and the richest man is no longer Bill Gates.
The veterans Bill Gates and Warren Buffet have made way for Mexican telecom tycoon, Carlos Slim Helu, at the top spot with a networth of $53.5 billion, pushing Gates and Buffet to runner up positions at rank 2 and 3 respectively.
Cashing in at 4 and 5 are none other than fellow Indians, Mukesh Ambani and Laxmi Mittal.
Mukesh Ambani has bagged the 4th spot with a networth of a massive $29 billion as compared to last years 7th place and $19.5 billion dollar networth.

Steel tycoon Laxmi Mittal has also moved up from being ranked 8th to round off this years top 5 with networth of $28.7 billion as against last years $19.3 billion.
India has prominently featured in the list this year as compared to last with a total of six Indians in the top 50 as compared to only the Ambani brothers and Laxmi Mittal being listed last year.
India has also clocked a massive $113.6 billion put together, making the $48.8 billion networth of the three individuals last year look like a
measly sum.
Azim Premji has joined the elite 50 in the 28th position with $17 billion. But Mukesh's younger brother Anil Ambani slipped two places down from the 34th rank last year to 36th this year with his networth standing at $13.7 billion.

Essar brothers, Shashi and Ravi Ruia come in at 40th with $13 billion and rounding up India's standing in the top fifty is Savitri Jindal with $12 billion networth.
With the India growth story back on track and Indian business making its presence felt in the global arena, the Forbes listing reflects the rise and rise of the Asian tiger.

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