India is home to the world’s fourth highest number of billionaires, with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine.
The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world, who have a combined net worth of USD7.67 trillion, a record 18% increase over the past year.
The list has been topped by Microsoft co-founder Bill Gates for the fourth year in a row. He has been the richest person in the world for 18 out of the past 23 years. He has a fortune of USD 86 billion, up from USD 75 billion last year, followed by Berkshire Hathaway chief Warren Buffet with a net worth of USD 75.6 billion.
Amazon’s Jeff Bezos added USD 27.6 billion to his fortune and is now worth USD 72.8 billion, moving into the top three for the first time, up from number five a year ago.
For the first time, India has more than 100 super rich individuals. Ambani, 59, leads the pack of Indian billionaires, coming in at the 33rd position with a net worth of USD23.2 billion. His younger brother Anil is ranked 745th with a net worth of USD2.7 billion. Second on the list of Indian billionaires is ArcelorMittal chairman and CEO Lakshmi Mittal in the 56th spot with a net worth of USD16.4 billion.
US President Donald Trump is ranked 544th on the list with his net worth of USD 3.5 billion.