India home to four pc of world billionaires: Forbes

New York: India is home to over four per cent of the world`s billionaires, including the likes of the Ambani brothers, Azim Premji and N R Narayan Murthy alongside Warren Buffet and Bill Gates in Forbes magazine`s annual list of the world`s richest people.

Forbes`s list of 1226 billionaires is topped by Mexico`s 72-year-old telecom czar Carlos Slim, boasting of a networth of USD 69 billion.

Slim retained his title as the world`s richest man for the third year in a row. In the second spot is Microsoft founder Gates with a USD 61 billion networth followed by American investment giant and philanthropist Buffet whose networth is USD 44 billion.

Forbes said this year`s 1,226 billionaires are a record high, up one per cent from last year`s total. The numbers are up significantly from the 140 billionaires who had made the cut when the list was first released 25 years ago.

Between them, this year`s billionaires are worth a record USD 4.6 trillion and have an average net worth of USD 3.7 billion.

The list has 48 billionaires from India as well as nine of Indian-origin living in countries like Indonesia, Ireland, Thailand, UK and the US, taking the total number of billionaires hailing from India to 57. India`s 48 billionaires have a total networth of USD 194.6 billion.

Among India`s billionaires, the richest is Reliance Industries Chairman Mukesh Ambani with a networth of USD 22.3 billion. The 54-year-old is ranked 19 in the global rich list.

"Mukesh Ambani is the world`s richest Indian, despite losing USD 4.7 billion in the past year," Forbes said.

The publication added that a spat between Ambani`s oil and gas conglomerate Reliance and India`s Oil Ministry over declining output at KG-D6, India`s largest offshore gas field, has dragged down the market cap of the country`s most valuable company.

ArcelorMittal Chairman Lakshmi Mittal comes at the 21st position with a USD 20.7 billion networth. Forbes said Mittal lost USD 10.4 billion in the past year, more than anyone else in the world and dropped out of the top 10 rankings for the first time since 2004.

Mittal had ranked sixth in last year`s list when his networth was USD 31.1 billion. Shares of ArcelorMittal, the world`s largest steelmaker, tanked due to surging costs and tepid demand in Europe, Forbes said.

Wipro boss Azim Premji is the third richest Indian in the list. With a networth of USD 15.9 billion, 66-year-old Premji is ranked 41 on the Forbes list.

The list has only two women billionaires from India, both matriarchs of big corporate houses. Jindal group`s Savitri Jindal is ranked 80 in the rich list with a networth of USD 10.9 billion. Chair of the media group Bennett Coleman Indu Jain, 75, is ranked 578th in the Forbes list with a networth of USD 2.2 billion.

With an USD 8.1 billion networth, Bharti Entreprises chairman Sunil Mittal is ranked 113. Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani comes in at the 118th position in the list, his networth of USD 7.8 billion, only about a third of that of his wealthier elder brother.

"Despite patch up with brother Mukesh that included a much photographed reunion in their late father`s hometown, Anil Ambani continues on a losing streak, down one billion dollars in past year and down USD 34.2 billion from his 2008 peak," Forbes said.

Other billionaires from India include real estate major DLF chief K P Singh (USD 6.4 billion), IT company HCL`s Shiv Nadar (USD five billion), healthcare tycoons Malvinder and Shivinder Singh (USD 3.5 billion), Godrej group chairman Adi Godrej (USD 2.4 billion), Chairman of the Bajaj group conglomerate Rahul Bajaj (USD 1.8 billion) and Infosys co-founder N R Narayan Murthy and his family (USD 1.7 billion).

With a networth of USD 1.4 billion, former Infosys chief executive Nandan Nilekani, pharma tycoons Ajay Piramal and K Anji Reddy and head of the Avantha group Gautum Thapar are tied for the 913rd rank. .

ArcelorMittal Chairman Lakshmi Mittal comes at the 21st position with a USD 20.7 billion networth. Forbes said Mittal lost USD 10.4 billion in the past year, more than anyone else in the world and dropped out of the top 10 rankings for the first time since 2004.

Mittal had ranked sixth in last year`s list when his networth was USD 31.1 billion. Shares of ArcelorMittal, the world`s largest steelmaker, tanked due to surging costs and tepid demand in Europe, Forbes said.

Wipro boss Azim Premji is the third richest Indian in the list. With a networth of USD 15.9 billion, 66-year-old Premji is ranked 41 on the Forbes list.

The list has only two women billionaires from India, both matriarchs of big corporate houses. Jindal group`s Savitri Jindal is ranked 80 in the rich list with a networth of USD 10.9 billion. Chair of the media group Bennett Coleman Indu Jain, 75, is ranked 578th in the Forbes list with a networth of USD 2.2 billion.

With an USD 8.1 billion networth, Bharti Entreprises chairman Sunil Mittal is ranked 113. Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani comes in at the 118th position in the list, his networth of USD 7.8 billion, only about a third of that of his wealthier elder brother.

"Despite patch up with brother Mukesh that included a much photographed reunion in their late father`s hometown, Anil Ambani continues on a losing streak, down one billion dollars in past year and down USD 34.2 billion from his 2008 peak," Forbes said.

Other billionaires from India include real estate major DLF chief K P Singh (USD 6.4 billion), IT company HCL`s Shiv Nadar (USD five billion), healthcare tycoons Malvinder and Shivinder Singh (USD 3.5 billion), Godrej group chairman Adi Godrej (USD 2.4 billion), Chairman of the Bajaj group conglomerate Rahul Bajaj (USD 1.8 billion) and Infosys co-founder N R Narayan Murthy and his family (USD 1.7 billion).

With a networth of USD 1.4 billion, former Infosys chief executive Nandan Nilekani, pharma tycoons Ajay Piramal and K Anji Reddy and head of the Avantha group Gautum Thapar are tied for the 913rd rank.