14 new billionaires from India join world's richest people list
Mar 10,2007 00:00 by Biz Correspondent

The Forbes Magazine team of fortune hunters has discovered 14 newcomers from India to join the list of 946 billionaires of the world’s richest people. 

 

According to the Forbes Magazine, there were 36 billionaires with property of $191 billion from India in the richest people’s list, which also includes the 14 newcomers.  

The Magazines said there were 178 newcomers, including 19 Russians, 14 Indians, 13 Chinese and 10 Spaniards, as well as the first billionaires from Cyprus, Oman, Romania and Serbia.

 “India's rich are also marching toward the top of our rankings,” said the Magazine. “India now has three in the upper echelons,” the Magazine said.

Among the world’s 20 wealthiest, Lakshmi Mittal, who heads the world's biggest steel company, Arcelor Mittal, has been ranked top fifth with a net worth of $ 32 billion.

Brothers Mukesh and Anil Ambani have been 14th and 18th with personal property of $20.1 billion and $18.2 billion, respectively, said the list released by the Magazine.


Wipro’s Azim Premji, who is also an Indian, is ranked 21st with 17.1 billion.

The other Indians on the richest list include DLF’s K P Singh, ranked 62nd with $10 billion, Sunil Mittal’s family 69th with $9.5 billion, Kumar Mangalam Birla and Essar’s Ruia brothers 86th with $8 billion.

Microsoft founder Bill Gates with a net worth of $56 billion, continues to be the richest person in the world for 13th year in succession.

Two-thirds of last year's billionaires are richer. Only 17 percent are poorer, including 32 who fell below the billion-dollar mark. The billionaires' combined net worth climbed by $900 billion to $3.5 trillion. That equates to $3.6 billion apiece, said the Magazine.


The Magazine said that 44 billionaires were dropped off the list for various reasons.


 

 The World’s Top 20 Billionaires  

 

Rank     Name                                  Citizenship               Age                          Net Worth ($bil)

 

1          William Gates III                    United States               51                                    56.0 

2          Warren Buffett                       United States               76                                    52.0 

3          Carlos Slim Helu                    Mexico                        67                                    49.0 

4          Ingvar Kamprad & family       Sweden                       80                                    33.0 

5          Lakshmi Mittal                       India                            56                                    32.0 

6          Eeldon Adelson                     United States                73                                    26.5 

7          Ernard Arnault                       France                          58                                    26.0 

8          Amancio Ortega                    Spain                            71                                     24.0 

9          Li Ka-shing                           Hong Kong                   78                                     23.0 

10        David Thomson & family       Canada                         49                                      22.0 

11        Lawrence Ellison                   United States                 62                                     21.5 

12        Liliane Bettencourt                 France                          84                                     20.7 

13        Prince A. B. Talal Alsaud      Saudi Arabia                  50                                    20.3 

14        Mukesh Ambani                   India                               49                                    20.1 

15        Karl Albrecht                       Germany                         87                                    20.0 

16        Roman Abramovich              Russia                            40                                    18.7 

17        Stefan Persson                      Sweden                         59                                    18.4 

18        Anil Ambani                          India                             47                                     18.2 

19        Paul Allen                             United States                 54                                     18.0 

20        Theo Albrecht                       Germany                       84                                     17.5