Mukesh Ambani 18th richest man in world: Bloomberg Billionaires Index

PTI : Houston, Thu Jan 03 2013, 11:04 hrs

Ads by Google

Top Stories

Indian business magnate Mukesh Ambani is the 18th richest person in the world with a personal wealth of USD 24.7 billion in 2012, according to the Bloomberg Billionaires Index, a daily ranking of the world's 100 wealthiest individuals.

Mexican telecommunications magnate Carlos Slim remained the world's richest person last year holding a personal fortune of more than USD 70 billion, it said.

Ambani, 55, Chairman & MD of Reliance Industries, has also retained his position as the world's richest Indian for the sixth year in a row and increased his ranking from 19th to 18th position and personal wealth from USD 21 billion to USD 24.7 billion in the world, the Index showed.

The world's top 100 billionaires got even richer in 2012, with their total wealth rising by around 15 per cent to USD 1.81 trillion, it said.

Microsoft founder Bill Gates and the founder of fashion retailer Zara, Amancio Ortega, rounded out the top three spots, with wealth estimated just over and just under USD 60 billion, respectively.

Renowned investor Warren Buffett slipped to fourth place, but added around USD 5 billion to his fortune over the year despite donating a substantial amount to charity last year.

IKEA founder Ingvar Kamprad saw his net worth rising 16.6 per cent to approximately USD 40 billion, putting him in fifth place on Bloomberg's billionaire index.

Ads by Google

ALSO READ

As many as 3,000 travel agents owing allegiance to TAAI have voluntarily decided to keep shutters down. (AP)

Airfares: Travel agents to keep shutters down on Tuesday

Berkshire Hathaway Chairman and CEO Warren Buffett spins a basketball before holding the Berkshire Hathaway shareholders meeting. (AP)

Part rock concert, part investment workshop: Warren Buffett leads annual meeting like no other

The 'Nitaqat' law makes it mandatory for local firms to hire one Saudi national for every 10 migrant workers. (Reuters)

Indian workers in Saudi Arabia to be regularised

Health officials have revoked the company's license to make cosmetics at a plant outside Mumbai. (Reuters)

Johnson & Johnson's license revoked on baby powder concerns

Please read our terms of use before posting comments

TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).