Bill Gates richest in world, Mukesh Ambani at 36th: Forbes

PTI | Mar 1, 2016, 08.53 PM IST

Forbes said Ambani, 58, has retained his position as India's richest person despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices.

Forbes said Ambani, 58, has retained his position as India's richest person despite shares of his oil and gas ... Read More

NEW YORK: Microsoft's co-founder Bill Gates continued his reign as the world's richest person with a net worth of $ 75 billion, according to Forbes' annual ranking of billionaires, with Reliance Industries chairman Mukesh Ambani leading the pack of 84 Indian billionaires in 2016.

Forbes' 2016 list of the World's Billionaires includes 1,810 billionaires, down from a record 1,826 a year ago.

Their aggregate net worth is $6.5 billion, $570 million less than last year.

Gates remains the richest person in the world with a net worth of $75 billion, despite being $4.2 billion poorer than a year ago. He has been number one for 3 years in a row and topped the list 17 out of 22 years.

Forbes said Ambani, 58, has retained his position as India's richest person despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices.

He is ranked 36th on the list with a net worth of $20.6 billion, the magazine said, adding that "the $62.2 billion (revenues) firm is likely to resume buying crude oil from Iran after the lifting of sanctions."

Occupying the second spot on the list is Spanish billionaire Amancio Ortega, founder of closing retail giant Zara and the richest man in Europe.

Top Comment

Bill Gates at least donates to poor through Bill and Melinda Gates Foundation throughout the world. Did our richest man ... Read MoreRamesh Sargam

On the third spot is billionaire philanthropist and Berkshire Hathaway CEO Warren Buffett, Mexican billionaire Carlos Slim Helu (4) and Amazon CEO Jeff Bezos (5).

Ambani leads a pack of 84 billionaires from India, with pharma magnate Dilip Shanghvi (rank 44 and $16.7 billion networth), Wipro Chairman Azim Premji (55 with $15 billion networth) and HCL co-founder Shiv Nadar (88 and $11.1 billion networth) coming in among the top 100 billionaires.

Other prominent Indian billionaires include ArcelorMittal Chairman Lakshmi Mittal (135), Bharti Airtel's Sunil Mittal (219), ports and power magnate Gautam Adani (453), matriarch Savitri Jindal (453), Bajaj Group's Rahul Bajaj (722), Infosys chairman emeritus N R Narayana Murthy (959) and Mahindra Group's chief Anand Mahindra (1577).

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53 COMMENTS

Ramesh Sargam

Bangalore-9 hours ago

Bill Gates at least donates to poor through Bill and Melinda Gates Foundation throughout the world. Did our richest man donates a penny in India at least? Might be for 'the name sake' he might be but not to that much extent.

19 2 ReplyFlag

Slum Dog Millionaire

Ramesh Sargam-Land of Love India-10 mins ago

They secretly donate to powerful or upcoming politicians

0 0 ReplyFlag

Anil Dubey

Ramesh Sargam-8 hours ago

Bill Gates did what he did (Foundation) to avoid taxes.

3 20 ReplyFlag

galaxy237

Anil Dubey-7 hours ago

Before making such statements and showing your ignorance and bias, you should have done some research. That would have spared you some embarrassment, and comments from other readers.

12 1 ReplyFlag

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SN Kannan

Chennai-8 hours ago

Oh C'mon...absolute bunkum. Forbes has no wayor means to evaluate the "hidden" wealth of crooks, particularly the political ones like Sonia, Rahul, Chidu, Karunanidhi, Raja, Marans, etc. Jaganmohan Reddy is well known to have over 75,000 crores ( over 10 billion $) but wont be figured anywhere. Karunanidhi with over 150,000 crores will ensure that he always remains out of limelight....and these are "bachchas" when mega scamsters like Sonia, Rahul, Chidu are concerned.

9 1 ReplyFlag