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36 Indians among world's richest people

Last updated on: March 09, 2007 11:39 IST

Steel baron Lakshmi Mittal leads a pack of 36 Indian billionaires with a total net worth of $191 billion, according to the list of richest persons complied by Forbes magazine.

As many as 14 Indians have joined the coveted club, raising the net worth of the country's billionaires by around $90 billion.

Mittal, who heads the world largest steel company Arcelor Mittal, is the fifth richest person in the world with a net worth of $32 billion.

Microsoft founder Bill Gates continues to be the richest person in the world for 13th year in succession with a net worth of $56 billion among a record 946 billionaire pinned down by the magazine.

India's rich are marching towards the top the table with brothers Mukesh and Anil Ambani, who split up their family's conglomerate, joining Mittal for spots among top 20 richest people.

India now has the largest number of billionaires among the 20 after the United States.

Mukesh, chairman of Reliance Industries, with net worth of $20.1 billion finds 14th spot and Anil is the 18th richest person commanding a net worth of $18.2 billion.

The 36 Richest Indians

Rank in world's richest

Name

Net worth in $ billion

Company

5

Lakshmi Mittal

32.0

Arcelor-Mittal

14

Mukesh Ambani

20.1

Reliance Industries

18

Anil Ambani

18.2

Reliance Communications

21

Azim Premji

17.1

Wipro

62

Kushal Pal Singh

10.0

DLF

69

Sunil Mittal & family

9.5

Bharti Telecom

86

Kumar Mangalam Birla

8.0

AV Birla Group

86

Shashi & Ravi Ruia

8.0

Essar Group

114

Ramesh Chandra

6.4

Unitech Group

137

Pallonji Mistry

5.6

Pallonjji-Mistry

210

Adi Godrej & family

4.1

Godrej Group

214

Shiv Nadar

4.0

HCL

230

Anil Agarwal

3.8

Vedanta

279

Dilip Shanghvi

3.1

Sun Pharmaceuticals

287

Indu Jain

3.0

Times Group

287

Cyrus Poonawalla

3.0

Serum Institute

349

Kalanidhi Maran

2.6

Sun TV

349

Grandhi Rao

2.6

GMR

390

Savitri Jindal & family

2.4

Jindal Steel

390

Tulsi Tanti

2.4

Suzlon

407

Subhash Chandra

2.3

Zee Group

432

Uday Kotak

2.2

Kotak Bank

458

Baba Kalyani

2.1

Bharat Forge

488

Malvinder & Shivinder Singh

2.0

Ranbaxy

557

NR Narayana Murthy

1.8

Infosys

618

Venugopal Dhoot

1.6

Videocon

618

Anurag Dikshit

1.6

PartyGaming

664

Jaiprakash Gaur

1.5

Jaiprakash Hydro-Power

664

Vijay Mallya

1.5

UB Group

717

Vikas Oberoi

1.4

Oberoi Constructions

754

Naresh Goyal

1.3

Jet Airways

754

Nandan Nilekani

1.3

Infosys

799

Senapathy Gopalakrishnan

1.2

Infosys

840

Rahul Bajaj

1.1

Bajaj Auto

840

Pradeep Jain

1.1

Times Group

840

Keshub Mahindra

1.1

Mahindra & Mahindra

An interesting statistic that the analyses throw up is that Japan's 20-year reign of cornering highest number of billionaires in Asia has ended and it now has only 24 billionaires with combined worth of $64 billion.

The list has 178 newcomers including 19 Russians, 14 Indians, 13 Chinese and 10 Spaniards as well as first billionaires from Cyprus, Oman, Romania and Serbia.

Two-thirds of the last year's billionaires are richer and only 17 per cent are poorer including 32 who dropped below the coveted figure and out of the list.

The billionaires' combined net worth climbed $900 billion to $3.5 trillion which equates $3.6 billion apiece, the magazine said.

The average billionaire is 62 years of age and ingenuity, and not industry, is their common characteristic. They made money in everything from real estate to coffee, dumplings and ethanol.

Among those on the list, 62 per cent made the huge fortunes from scratch.

The United States has 415 billionaires which translate into 44 per cent of the total. New faces include Starbucks chief Howard Schultz, ranked 840th among the richest. It has 55 new billionaires and total net worth of its billionaires is estimated at $1.36 trillion.

Hind Hariri, daughter of slain Lebanese Prime Minister Rafik Hariri, drops off the list and Germany's 23-year-old Albert von Thurn und Taxis replaces her as the youngest billionaire.

China's Yan Cheung, ranked 390, makes a history as the country's richest person and is one of the three self made women in China to debut on this year's list. They join the exclusive rank of self made women including Oprah Winfrey ranked 664, J K Rowling (891) and Margaret Whitman (754).

Dharam Shourie in New York
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