4 Indians among world's 8 richest
NEW DELHI: As in cricket, Indians are also emerging as world-beaters
at creating wealth and unlocking value. Four of the world's eight
richest individuals are Indians. In fact, India has more billionaires
in the top 10 than any other country, according to Forbes magazine.
In all, India has 53 billionaires -- the most in Asia and the fourth
highest in the world, behind the US (469), Russia (87) and Germany
(59). The Indians in the top 10 are Lakshmi Mittal (4th, $45b),
followed by Mukesh Ambani ($43b), Anil Ambani ($42b) and K P Singh
(8th, $30b).
Anil Ambani was the biggest gainer globally, with his wealth soaring
by $23.8b since last year. Mukesh followed with a rise of $22.9b. But
these figures were based on value of equity holdings as on February 11
and the subsequent downturn in the markets would have eroded some of
these gains. Back-of-the-envelope calculations indicate that on Feb 28
alone, Mukesh Ambani lost Rs 5,000 crore ($1.25b) and brother Anil
about Rs 2,500 crore ($625m).
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