24 Indians made it to 'World's Richest' list
Washington: Two dozen Indians made it to the Forbes list of "World's Richest" with four of them among the top 10, as Warren Buffett dethroned Microsoft co-founder Bill Gates, who held the top slot for 13 straight years.
Steel czar Lakshmi Mittal, heading the world's largest steelmaker ArcelorMittal, is in the fourth place with a personal fortune of $45 billion. A long-time resident of London, he is also Europe's richest resident, notes the US business magazine.
Next comes Mukesh Ambani, "Asia's richest resident, who heads petrochemicals giant Reliance Industries, India's most valuable company by market cap" with $43 billion.
The year's biggest gainer, Anil Ambani, is in the sixth place with a fortune of $42 billion. He is up $23.8 billion in the past year, and is closing the gap with his estranged brother Mukesh.
KP Singh, now the world's richest real estate baron after listing his real estate development company DLF in 2007, takes the eighth place in the list with $30 billion.
Declaring Buffett as the richest man on the planet, Forbes said - "Riding the surging price of Berkshire Hathaway stock, America's most beloved investor has seen his fortune swell to an estimated $62 billion, up $10 billion from a year ago."
That massive pile of scratch puts him ahead of Gates, who is now worth $58 billion and is ranked third in the world after Mexican telecom tycoon Carlos Slim Hel with an estimated net worth of $60 billion.
The other 20 Indians in the billionaires list are Shashi and Ravi Ruia (43), Azim Premji (60), Sunil Mittal and family (64), Kumar Birla (76), Ramesh Chandra (86), Gautam Adani (91), Savitri Jindal and family (110), Anil Agarwal (164), Adi Godrej and family (178), G.M. Rao (198), Indu Jain (236), Dilip Shanghvi (260), Jaiprakash Gaur (277), Shiv Nadar (277), Uday Kotak (288), Cyrus Poonawalla (307), Anand Jain (327), Chandru Raheja (368), Tulsi Tanti (368) and Rakesh Wadhawan and family (428).
The Forbes list also mentions two Indians, Gautam Adani ($9.3 billion) and Sameer Gehlaut ($1.2 billion), as "notable billionaires".
"Adani is a college dropout who spurned his father's textile trading business to seek his own fortune... Today he is Asia's richest newcomer thanks to two big public holdings, Adani Enterprises, and Mundra Port, one of India's first private-sector ports," it says.
"India's youngest self-made billionaire, Gehlaut" is an engineer from the elite Indian Institute of Technology, Delhi. He started online brokerage Indiabulls with two college friends in 1999. He still heads the company and is its largest shareholder.
A few young tycoons were able to make money this past year in the face of financial turmoil, Forbes said. Among them Indian pharmaceutical kings Malvinder and Shivinder Singh added $100 million to their combined net worth.
what about the people who have billions unaccounted monies to evade local taxes.
Gloabally, there are many more billionaires from Royal families from Gulf countries, which are not covered/disclosed by Forbes due to several reasons (we know why).
Agree with you on that brit. The poverty gap is indeed a matter of concern..
On a strictly statistical note, we have 16% of world population, but only 5% of world billionaire population!! that means we need about 56 more billionaires, jus to tally the figures!! :-p
With its size, strengths and resources, India will have a lot more billionaires in the future.
However, it also needs to address the issues of a growing population and the widening of the poverty gap between the middle and lower classes.
many more billionaires to come in near future.....it is just 2 dozens because of financial meltdown otherwise...the result would be much more positive.
Yes Brit, mixture of all (capitalism with socialism)makes life more prosperous.
This works through Corporate Social Responsibility (CSR), we also see the same in Qatar nowadays (see Qtel ad).
we Indians put our brains into hearts to create love, passion, devotion and work with sincerity and conviction.
Is there a medicine for Envy? .
I wish these billionaires start a R&D to invent a medicine for Envy.. some people really need it! lol
...you see the problem is such a huge population. People kept on multiplying and adding an Australia every year to India and this is where we are. The rich are earning and learning newer ways of amassing and the poor are pulling a Slumdog Millionnaire. I'am sure with time we will achive some balance.
Life is Beautiful...Indeed!
You use capitlism to make the elite few rich and then socialism to redistribute the wealth.. I like your thinking :)
how many Indians would make the world's poorest ?
ANSWER: Millions less than any African nation.
regards
hussain
britexpat...dont ask more Indians to get rich...lol
.....guys every where are crying of loosing jobs to Indians.....lol
Imagine 10% increase in the purchasing power of a Billion!!!
We make 16% of the world population just behind China at 19%. ....3rd highest is USA with just 4% of World Population....lol
Brit - Give it time for socialism to be in full swing, considering its such a big country. :)
FS - howcome my name is not there??
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Listen to Many..Speak to a few.
Well done India..
On the opposite side of the coin, how many Indians would make the world's poorest ?
Well Bill Gates in not active anymore with Microsoft since last year....that speaks volumes....
Mukesh and Anil have everything going for them .....they are now at the right time and right place..hope they dont turn rivals and pull each other down....they happened to cross each others paths quite a few times since their business empire is so widely spread out...
Laxmi Mittal would find the next few years tough...he will loose his place to both Mukesh & Anil by next year sure.....Mittal would be lucky if he doesnt fall below 10th position ...in next few years.
As a Company Tata Motors would do very well for the next 5 to 10 yrs....at least....
CLAPS CLAPS CLAPS
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"Kids, You Tried Your Best and You Failed Miserably. The Lesson Is, Never Try."
Yeah White Tiger was written exceptionally well...I liked the book.
has anyone read The White Tiger? My heart bleeds for India when I read news like that.
for those who may be interested:
http://www.scribd.com/doc/13162354/The-White-Tiger
...everyone on QL expected ndians to be this rich.Looks like this news is not interesting enough.Had it been an Indian bashing thread people would have jumped on it.lol :)
Thanks for posting this.
Life is Beautiful...Indeed!
This only proves the strong economy and a bright future...:)
Life is Beautiful...Indeed!