The world's richest are getting poorer. Last year there were 1,125 billionaires in the world. This year the number has fallen to 793.

When it comes to the India, Reliance Industries chairman Mukesh Ambani and NRI steel baron Lakshmi Mittal lead the dwindling number of Indians in the Forbes' list of world's richest people.

China has beaten India with a maximum number of billionaires from Asia, it has 28 richest people in the list.

Last year India had the largest number of billionaires from Asia in the Forbes list.

There are only two Indians among the world's top ten richest men compared to four last year.

Many lost their billionaire status as India's stock market crashed last year. About 29 Indians are out of the billionaires' list, says Forbes magazine.

Ranked at number 7, Mukesh -- with a total wealth of $19.5 billion -- is the richest Indian in the list. Ambani was ranked 5^th last year.