Mukesh Ambani is ranked fourth among the World’s top 10 billionaires by the Forbes Magazine with total assets worth $29 billion followed by another Indian, steel tycoon L N Mittal, who ranked fifth with a total value of $28.7 billion.
The Forbes Billionaires list for 2010 has witnessed Mexican Carlo Slim surpassing Bill Gates and Warrant Buffett to be the richest man on the earth. Slim’s total worth rose $18.5 billion during the year to an estimated $53.5 billion, the Forbes Magazine said. Gates remained second with a fortune of $53 billion.
Apart from Reliance Industries Chairman Mukesh Ambani and Head of ArcelorMittal L N Mittal, there were four other Indian tycoons in the top 50 list and 49 others in the complete list of 1,011 billionaires.
The four Indian businessmen, besides Ambani and Mittal, in the top 50 list are Azim Premji (ranked: 28, worth: $17 billion), Sashi Ruia and Ravi Ruia (ranked: 40, worth: $13 billion), and Savitri Jindal (ranked: 44, worth: $12.2 billion).
DLF’s K P Singh (74), Aditya Birla Group’s Kumar Mangalam Birla (86) and Bharti Airtel’s Head Sunil Mittal (87) are the other Indians who are among the top 100 wealthy in India.
Do you know who is the richest person in the world ?……….
William Gates III
Rank: 1 Net Worth: $40.0 bil, Fortune: self made
Software visionary regains title as the world’s richest man despite losing $18 billion in the past 12 months. Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation. Organization’s assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year’s losses to 20%. Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008. Dedicated to fighting hunger in developing countries, improving education in America’s high schools and developing vaccines against malaria, tuberculosis and AIDS. Appointed Microsoft Office veteran Jeffrey Raikes chief exec of Gates Foundation in September. Gates remains Microsoft chairman. Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12 months. “Creative capitalist” wants companies to match profit making with doing good.
Rank: 2 Net Worth: $37.0 bil, Fortune: self made
Last year America’s most beloved investor was the world’s richest man . This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway down 45% since last March. Injected billions of dollars into Goldman Sachs, GE in exchange for preferred stock last fall; propped up insurance firm Swiss Re in February with $2.6 billion infusion. Admits he made some “dumb” investment mistakes in 2008. Upbeat about America’s future: “Our economic system has worked extraordinarily well over time. It has unleashed human potential as no other system has, and it will continue to do so.” Scoffs at Wall Street’s over-reliance on “history-based” models: “If merely looking up past financial data would tell you what the future holds, the Forbes 400 would consist of librarians.” Son of Nebraska politician delivered newspapers as a boy. Filed first tax return at age 13, claiming $35 deduction for bicycle. Studied under value investing guru Benjamin Graham at Columbia. Took over textile firm Berkshire Hathaway 1965. Today holding company invested in insurance (Geico, General Re), jewelry (Borsheim’s), utilities (MidAmerican Energy), food (Dairy Queen, See’s Candies). Also has non-controlling stakes in Anheuser-Busch, Coca-Cola, Wells Fargo.
Carlos Slim Helu & family
Rank: 3 Net Worth: $35.0 bil, Fortune: self made
Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America’s richest man. Global recession testing his ability to live up to the principles he sets for his employees: “Maintain austerity in times of fat cows.” Son of a Lebanese immigrant bought fixed line operator Telefonos de Mexico (Telmex) in 1990; now controls 90% of Mexico’s telephone landlines. Would be a billionaire based on his dividends alone. Biggest holding: $16 billion stake in America Movil, Latin America’s largest mobile phone company with 173 million customers. America Movil and Telmex reportedly planning to jointly invest $4 billion to bolster telecom infrastructure in Latin America. Buying up cheap media, energy and retail assets. Last year took stakes in New York Times Co., former billionaire Anthony O’Reilly’s Independent News & Media and Bronco Drilling; also increased position in Saks. Baseball statistics aficionado, art collector
Rank: 4 Net Worth: $22.5 bil, Fortune: self made
Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past 4 years. Bought BEA Systems for $8.5 billion last year. Still sitting on $7 billion in cash. Revenues up 11% to $10.9 billion in the six months ended November 30; profits also up 11% to $2.4 billion. Stock down 25% in past 12 months. Invested $125 million in Web software outfit Netsuite; took public in 2007, stock has fallen 80% since. His shares still worth $300 million. Chicago native studied physics at U. of Chicago, didn’t graduate. Started Oracle in 1977. Public 1986, a day before Microsoft. Owns 453-foot Rising Sun; built a smaller leisure boat because superyacht is hard to park. Squabbling in court with Swiss boating billionaire Ernesto Bertarelli over terms of next America’s Cup. Recently unveiled hulking 90-foot trimaran he intends to use to win it.
Ingvar Kamprad & family
Rank: 5 Net Worth: $22.0 bil, Fortune: self made
Peddled matches, fish, pens, Christmas cards and other items by bicycle as a teenager. Started selling furniture in 1947. Opened first Ikea store 50 years ago; stores’s name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company’s “senior adviser” still reportedly works tirelessly on his brand. Discount retailer now sells 9,500 items in 36 countries; prints catalog in 27 languages. Revenues up 7% to $27.4 billion in fiscal year 2008. Opened tenth store in China this February; planning to open first in Dominican Republic later this year. Three sons all work at the company. Thrifty entrepreneur flies economy class, frequents cheap restaurants and furnishes his home mostly with Ikea products.
Rank: 6 Net Worth: $21.5 bil, Fortune:self made
Source:Aldi , Age:89, Country Of Citizenship:Germany,Residence:Mulheim an der Ruhr
Germany’s richest person owns discount supermarket giant Aldi Sud. Retailer faring well amid economic downturn; analysts expect its 2008 sales to be up 9.4% to $33.7 billion. Sales in the U.S. up estimated 20% last year to $7 billion. Plans to open 75 U.S. stores in 2009, including first in New York City. With younger brother, Theo, transformed their mother’s corner grocery store into Aldi after World War II. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got northern Germany and the rest of Europe. Retired from daily operations. Fiercely private: little known about him other than that he apparently raises orchids and plays golf.
Rank: 7 Net Worth: $19.5 bil, Fortune: inherited and growing
Oversees Reliance Industries, India’s most valuable company by market cap despite stock falling 40% in past year. Merging his Reliance Petroleum with flagship Reliance Industries. As part of deal, will exercise right to buy back Chevron’s 5% stake in Reliance Petroleum at $1.20 per share—the same price at which he sold it 3 years ago. Today the stock trades for $1.80 a share. Increased stake in Reliance Industries in October; paid $3.4 billion to convert 120 million preferential warrants into shares. Reliance Petroleum refinery on India’s western coast began operating in December despite falling global demand and declining margins. Late father Dhirubhai founded Reliance and built it into a massive conglomerate. After he died Mukesh and his brother, Anil, ran the family business together for a brief time. But siblings feuded over control; mother eventually brokered split of assets. Brothers may be looking to bury hatchet; played joint hosts at mother’s recent 75th-birthday bash. Has yet to move into his 27-story home that he’s building at a reported cost of $1 billion. Ardent fan of Bollywood films. Wife, Nita, oversees school named after his father.
Rank: 8 Net Worth: $19.3 bil, Fortune: inherited and growing
Indian immigrant heads world’s largest steel company; ArcelorMittal was formed via hostile takeover 3 years ago. Stock in company makes up bulk of his fortune; shares at a 4-year low with steel prices down 75% since last summer. Company forced to pay heavy fines after a French antitrust investigation found 10 companies guilty of price-fixing in European steel markets. Arcelor posted $2.6 billion loss in most recent quarter; announced plans to slow acquisitions, cut capital expenditures, pay down debt. Started in family steel business in the 1970s, branched out on his own in 1994. Initially bought up steel mills on the cheap in Eastern Europe. Company bought 19.9% stake in Australia’s Macarthur Coal last year. Also owns pieces of Mumbai’s Indiabulls Group, London’s RAB Capital; owns stake in, sits on board of Goldman Sachs. Holds substantial cash; owns 12-bedroom mansion in London’s posh Kensington neighborhood.
Rank: 9 Net Worth:Net Worth:$18.8 bil, Fortune:self made
Source:Aldi, Trader Joe’s, Age:87, Country Of Citizenship:Germany
Runs discount supermarket group Aldi Nord; firm holding up amid economic downturn. Sales expected to hit $31 billion in 2008. After World War II he and older brother Karl transformed their mother’s corner grocery into Aldi. Brothers split ownership in 1961; Karl took the stores in southern Germany, plus the rights to the brand in the U.K., Australia and the U.S. Theo got the northern Germany stores and the rest of Europe. Unable to operate Aldi stores in U.S., Theo developed discount food store Trader Joe’s; now has more than 320 U.S. stores. Also owns stake in Supervalu. Became a recluse after being kidnapped for 17 days in 1971; said to collect old typewriters; loves golf.
Rank: 10, Net Worth: $18.3 bil ,Fortune: self made
Railway worker’s son started as a gofer in a shirt store. With then-wife Rosalia Mera, also now a billionaire, started making dressing gowns and lingerie in their living room. Business became one of world’s most successful apparel manufacturers. Today Inditex has more than 4,000 stores in 71 countries. Sales: $12.3 billion. Ortega is chairman. Company exported its cheap chic Zara stores to 4 new markets last year: Ukraine, South Korea, Montenegro and Honduras. Stock up 1% in past 12 months, but fortune down because of weak euro. Also has personal investments in gas, tourism, banks and real estate. Owns properties in Madrid, Paris, London, Lisbon, plus a luxury hotel and apartment complex in Miami, a horse-jumping circuit, and an interest in a soccer league. Shuns neckties and fanfare. Daughter Marta works for Inditex; recent speculation suggests she is being groomed to eventually replace her father.
Do you know these facts?
1. If you are right handed, you will tend to chew your food on your right side. If you are left handed, you will tend to chew your food on your left side.
2. If you stop getting thirsty, you need to drink more water. For when a human body is dehydrated, its thirst mechanism shuts off.
3. Chewing gum while peeling onions will keep you from crying.
4. Your tongue is germ free only if it is pink. If it is white there is a thin film of bacteria on it.
5. The Mercedes-Benz motto is ‘Das Beste oder Nichts’ meaning ‘the best or nothing’.
6. The Titanic was the first ship to use the SOS signal.
7. The pupil of the eye expands as much as 45 percent when a person looks at something pleasing.
8. The average person who stops smoking requires one hour less sleep at night.
9. Laughing lower levels of stress hormones and strengthen the immune system. Six-year-olds laugh an average of 300 times a day. Adults only laugh 15 to 100 times a day.
10. The roar that we hear when we place a seashell next to our ear is not the ocean, but rather the sound of blood surging through the veins in the ear.
11. Dalmatians are born without spots.
12. Bats always turn left when exiting a cave.
13. The ‘v’ in the name of a court case does not stand for ‘versus’, but for ‘and’ (in civil proceedings) or ‘against’ (in criminal proceedings).
14. Men’s shirts have the buttons on the right, but women’s shirts have the buttons on the left.
15. The owl is the only bird to drop its upper eyelid to wink. All other birds raise their lower eyelids.
16. The reason honey is so easy to digest is that it’s already been digested by a bee.
17. Roosters cannot crow if they cannot extend their necks.
18. The color blue has a calming effect. It causes the brain to release calming hormones.
19. Every time you sneeze some of your brain cells die.
20. Your left lung is smaller than your right lung to make room for your heart.
21. The verb “cleave” is the only English word with two synonyms which are antonyms of each other: adhere and separate.
22. When you blush, the lining of your stomach also turns red.
23. When hippos are upset, their sweat turns red.
24. The first Harley Davidson motorcycle was built in 1903, and used a tomato can for a carburetor.
25. The lion that roars in the MGM logo is named Volney.
26. Google is actually the common name for a number with a million zeros.
27. Switching letters is called spoonerism. For example, saying jag of Flapan, instead of flag of Japan.
28. It cost 7 million dollars to build the Titanic and 200 million to make a film about it.
29. The attachment of the human skin to muscles is what causes dimples
30. There are 1,792 steps to the top of the Eiffel Tower.
31. The sound you hear when you crack your knuckles is actually the sound of nitrogen gas bubbles bursting.
32. Human hair and fingernails continue to grow after death.
33. It takes about 20 seconds for a red blood cell to circle the whole body.
34. The plastic things on the end of shoelaces are called aglets.
35. Most soccer players run 7 miles in a game.
36. The only part of the body that has no blood supply is the cornea in the eye. It takes in oxygen directly from the air.
37. Every day 200 million couples make love, 400,000 babies are born, and 140,000 people die.
38. In most watch advertisements the time displayed on the watch is 10:10 because then the arms frame the brand of the watch (and make it look like it is smiling).
39. Colgate faced big obstacle marketing toothpaste in Spanish speaking countries. Colgate translates into the command “go hang yourself.”
40. The only 2 animals that can see behind themselves without turning its head are the rabbit and the parrot.
41. Intelligent people have more zinc and copper in their hair.
42. The average person laughs 13 times a day.
43. Do you know the names of the three wise monkeys? They are: Mizaru (See no evil), Mikazaru (Hear no evil), and Mazaru (Speak no evil).
44. Women blink nearly twice as much as men.
45. German Shepherds bite humans more than any other breed of dog.
46. Large kangaroos cover more than 30 feet with each jump.
47. Whip makes a cracking sound because its tip moves faster than the speed of sound.
48. Two animal rights protesters were protesting at the cruelty of sending pigs to a slaughterhouse in Bonn. Suddenly the pigs, all two thousand of them, escaped through a broken fence and stampeded, trampling the two hapless protesters to death.
49. If a statue in the park of a person on a horse has both front legs in the air, the person died in battle; if the horse has one front leg in the air, the person died as a result of wounds received in battle; if the horse has all four legs on the ground, the person died of natural cause.
The human heart creates enough pressure while pumping to squirt blood 30 feet