India has world's 3rd highest no. of billionaires; Mukesh Ambani dethrones Jack Ma in Asia: Forbes
India has the third highest number of billionaires in the world after the US and China, according to a new list by the prestigious Forbes magazine, which said Reliance Industries Chairman Mukesh Ambani reclaimed his spot as Asia’s richest person, dethroning Chinese business tycoon Jack Ma who was the richest person in the region a year ago. Forbes’ 35th annual list of the world’s billionaires is topped by Amazon CEO and Founder Jeff Bezos for the fourth year in a row. His net worth is USD 177 billion, up USD 64 billion from a year ago as a result of surging Amazon shares, Forbes said. On the second spot is SpaceX founder Elon Musk, who was the biggest gainer in dollar terms. Musk’s fortune ballooned to USD 151 billion, a whopping USD 126.4 billion more than a year ago, when he had ranked 31 and was worth USD 24.6 billion, it said. “The main reason: a 705 per cent climb in Tesla shares,” Forbes said. Ambani, the richest person in India and also the wealthiest in Asia, is ranked 10 on the global billionaires’ list. He reclaimed his spot as Asia’s richest person with a net worth of USD 84.5 billion.