36 Indian in Forbes billionaires list

By Staff
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Google Oneindia News

New York, Mar 9 (UNI) Steel magnate Lakshmi Niwas Mittal and Reliance's Ambani brothers are among the 36 Indian corporate honchos featuring in the Forbes magazine's 2007 billionaires list unveiled today.

According to the magazine, the total worth of Indian billionaires, from among a total 946 billionaires across the globe, had a total worth of 191 billion dollars.

Steel magnate Lakshmi Niwas Mittal sitting on a massive wealth of 32 billion dollars has been ranked fifth.

RIL Chairman Mukesh Ambani is at 14th slot with total assets of 20.1 billion dollars, while his brother Anil Ambani, holding 18.2 billion dollars is at number 18. Wipro's Azim Premji with 17.1 billion dollars stands at 21st position.

DLF's K P Singh with 10 billion dollars is at 62nd position, followed by Sunil Bharti Mittal of Bharti Telecom and family at 69th slot with 9.5 billion dollars. Kumarmangalam Birla and Essar's Shashi and Ravi Ruia both are at 86th place with a net worth of eight billion dollars each.

In another remarkable achievement, India has overtaken Japan, which for two decades had held the top spot in Asia. Japan had 24 billionaires in the list worth 64 billion dollars, the magazine said.

The world's richest are getting younger and richer with more Russians and Indians cropping up, the magazine said.

Microsoft Corporation Chairman Bill Gates was the richest man for the 13th straight year, with 56 billion dollars, followed by Warren Buffett, Chief Executive Officer of Berkshire Hathaway Inc, with 52 billion dollars. Mexican telecom tycoon Carlos Slim remained at number three with 49 billion dollars.

Other Indian billionaires in the list includes Ramesh Chandra, Chairman and Managing Director Unitech, Pallonji Mistry, Adi Godrej and Shiv Nadar.

The magazine says the number of billionaires rose 19 per cent compared to last year when there were 793 people listed, and their total net worth grew 35 per cent to 3.5 trillion dollars.

The average billionaire's age fell by two years to 62, and 60 per cent started with very little. Two-thirds of those on the list were richer, with net worth up for nearly everyone in the top 50.

UNI

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