India among the Top 5 Billionaires

Nothing hits the headlines more than news about billionaires and their wealth as people never miss to garner information on the rich

As per the 2011 Wealth Report here is a list of 5 countries with most billionaires.

1. USA
Number of billionaires: 396
Total Population: 307,006,550

The US has the largest and most technologically powerful economy in the world, with a per capita GDP of $48,000.

The United States is the largest importer of goods and third largest exporter, though exports per capita are relatively low.

The global economic downturn, the sub-prime mortgage crisis, investment bank failures, falling home prices, and tight credit pushed the United States into a recession by mid-2008.

2. China
Number of billionaires: 72
Total Population: 1,331,460,000

Since the introduction of market-based economic reforms in 1978, China has become the world's fastest-growing major economy and the world's largest exporter and second-largest importer of goods.

It is the world's second-largest economy, after the United States, by both nominal GDP and purchasing power parity.

Much newsprint has been dispensed recently discussing China racing past Japan to become the world's second-largest economy.

The second quarter of 2010 saw China's gross domestic product standing at $1.34 trillion and Japan's at $1.29 trillion.

3. Russia
Number of billionaires: 58
Total Population: 141,850,000

Russia has a market economy with enormous natural resources, particularly oil and natural gas.

It is the 10th largest economy in the world by nominal gross domestic product and the 6th largest by purchasing power parity.

Another problem is modernisation of infrastructure, ageing and inadequate after years of being neglected in the 1990s; the government has said $1 trillion will be invested in development of infrastructure by 2020.

4. India
Number of billionaires: 47
Total Population: 1,155,347,678

The Indian economy is the world's ninth-largest economy by nominal GDP and fourth largest economy by purchasing power parity.

India has become one of the fastest growing economies, and is considered a 'Newly Industrialised Country'.

However, poverty, illiteracy, corruption and inadequate public health still remain the country's major challenges.

5. Germany
Number of billionaires: 43
Total Population: 81,879,976

Germany has the world's fourth largest economy by nominal GDP and the fifth largest by purchasing power parity.

It is the second largest exporter and third largest importer of goods.

Germany has been the home of many influential scientists and inventors, and is known for its cultural and political history.

Source - Rediff.com
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