new delhi Global billionaire wealth – Reliance Industries Limited head Mukesh Ambani may have retained his title asIndia’s richest person for 7th year in a row, but his place among the world’s richest people has dropped to lowest in eight years. As per latest Forbes rich list, Mukesh Ambani is ranked 40th worldwide with net worth of $18.6 billion.
Global billionaire wealth - This is the lowest rank of Mukesh Ambani since being placed at 56th position in the year 2006 with a net worth of $8.5 billion. 2006 was the first year when Mukesh Ambani and his younger brother Anil Ambani were ranked separately by Forbes after their split.
The current networth of $18.6 billion of Mukesh Ambani also marks a significant decline from $43 billion of wealth recorded in 2008, when he was ranked 5th richest across the world. It was in the year 2008 itself, when Mukesh Ambani entered the top league of 10 richest people in the world and remained there for four consecutive years till 2011.
Global billionaire wealth - Steel tycoon Lakshmi Mittal has been witnessing a steep fall over the last 10 years. In the latest Forbes list Lakshmi Mittal is ranked in the 52nd position, while in the year 2005. Lakshmi Mittal enjoyed a rank as high as the 3rd on the global rich list.
Lakshmi Mittal’s firm Arcelor Mittal is weighed down by weak demand and heavy debt but remains the world’s biggest steelmaker. The company reported a net loss of $2.5 billion in 2013, lower than that of the previous year, thanks to cost cutting measures.
Global billionaire wealth - The total wealth of billionaires living in Indiahas dropped to $191.5 billion, even as the overall fortune of the group globally has grown to a record high of $6.4 trillion. According to Forbes, a weak economy and falling rupee took their toll on the wealth of Indian billionaires.
Global billionaire wealth - In the 2014 Forbes list, India has 56 billionaires in all with a collective net worth of $191.5 billion which is a tad lower than last year’s haul of 55 names worth $193.6 billion. Among those with evaporating fortunes are brothers Shashi & Ravi Ruia, this year’s biggest dollar losers, down by $3.6 billion as shares of their London-listed Essar Energy tumbled.
There were as many as 1,645 billionaires with an aggregate net worth of $6.4 trillion, up from $5.4 trillion a year ago. This included a record 268 new 10-figure fortunes, and 42 new women billionaires.
Global billionaire wealth - According to Forbes, the US led the world with 492 billionaires thanks to the tech boom and strong stock market, followed by China with 152 and Russia with 111 super rich people. But wealth is spreading to new places. The latest Forbes list saw inclusion of billionaires for the first time from Algeria, Lithuania, Tanzania and Uganda. Moreover, for the first time, an African, Aliko Dangote of Nigeria, made it to the top 25.
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