Friday 11 March 2011

Top 10 Richest People

We all are aware that as many as 50 Indians, including Arcelor-Mittal chairman Lakshmi N Mittal, the Ambani brothers, and Azim Premji, figure in the latest Forbes list of world's billionaires.

The Top 10 richest people include 2 of the very well renowned Indians. Mentioned below is a list of the people who are creating the noise and are idols for the youth:

1. Carlos Slim: Net Worth $74 billion
The world's richest person for a second year in a row, the Mexican telecom mogul is also the year's biggest gainer, having added $20.5 billion to his fortune and widened the gap between him and No. 2, Microsoft co-founder Bill Gates, to $18 billion.
Slim's America Movil SAB is the biggest mobile-phone company in the Americas, with 225 million wireless subscribers.

2. Bill Gates: Net worth $56 billion
The co-founder of the world's largest software company Microsoft and co-chairman of the Bill & Melinda Gates Foundation is worth $56 billion.
He and his wife, Melinda Gates, co-chair and trustee, Bill & Melinda Gates Foundation, have for long been working on various philanthropic causes and spent billions of dollars all around the world, including in India.
Gates is not on top of the list because he has donated $30 billion to his charity organisation.
Gates has also convinced nearly 60 of the world's wealthiest to sign his 'Giving Pledge', promising to donate the majority of their wealth to charity either during their lifetime or after death.

3. Warren Buffett: Net worth $50 billion
Warren Buffett, chairman of Berkshire Hathaway is worth $50 billion. He has already pledged to give 99 % of his wealth away in various fields of art, literature etc.
Well known for his wise investment decisions, the 79-year-old Buffett is the chairman of conglomerate Berkshire Hathaway that has invested in diverse companies.

4. Bernard Arnault: Net worth $41 billion
Bernard Arnault, the richest European, is the founder and chairman of luxury goods outfit, LVMH. His wealth increased by $13.5 billion as shares of his company rose by more than half over the past year.
LVMH bought 20 per cent of Hermes last year; Arnault insists he is a friendly shareholder but Hermes sees it as hostile.

5. Larry Ellison: Net worth $39.5 billion
Larry Ellision, Oracle chief, sits atop a fortune that is $11.5 billion bigger than last year, thanks to a 30 % jump in the software company's shares. He is one of the few people who intends to give 95% of his money to charity.
The company invested spent $25 billion in just three years to acquire several companies and large and small software manufacturers.

6. Lakshmi Mittal: Net worth $31.1 billion
Net profits at L N Mittal's Arcelor Mittal are up 18-fold to $2.9 billion in 2010 due to recovery in steel demand and higher margins.
Mittal is the chairman and CEO of Arcelor Mittal, the world's biggest steel maker, while his son Aditya is the CEO. Daughter-in-law Megha owns German fashion house Escada. Daughter Varsha Mittal is married to a banker.


7. Amancio Ortega: Net worth $31 billion
Amancio Ortega is a Spanish fashion entrepreneur ranked as the 7th richest man in the world with $31 billion worth of wealth.
In 1975, he opened a store called Zara, which later grew to enormous scale as one of the most well known fashion chains of the world

8. Eike Batista: Net worth $30 billion
Eike Batista, a Brazilian mining and oil tycoon, is at number 8 with $30 billion.
Through his holding company, EBX, Batista controls businesses spanning mining, shipbuilding, energy, logistics, tourism and entertainment.

9. Mukesh Ambani: Net worth $27 billion
Reliance Industries chairman Mukesh Ambani is the 9th richest man in the world. He owns a 27 storeyed house in Mumbai which is worth an approximate of $ 2 billion.
Chief of oil and gas conglomerate Reliance Industries, India's most valuable company, recently signed a deal with BP, selling 30 per cent stake in 23 oil blocks in India for $7.2 billion and forming a marketing joint venture.


10. Christy Walton (Widow of John Walton) : Net worth $26.5 billion
Christy Walton, the widow of John Walton, inherited her wealth from her husband after he died in an airplane accident in Wyoming 2005.
Her fortune increased because of her late husband's early investments in a solar energy company.
Walton, is an active member in social issues & supports museums, education and organic gardening.

Source: http://www.rediff.com/business

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