Yes, Mukesh Ambani is Still India's Richest

Mukesh Ambani

Mexican telecommunications magnate Carlos Slim remained the world's richest person last year, holding a personal fortune of more than 70 billion dollars.

Mukesh Ambani, 55, Chairman and Managing Director of Reliance Industries, has increased his ranking from 19th to 18th position and his personal wealth from 21 billion dollars to $ 24.7 billion in the world.

The world's top 100 billionaires got even richer in 2012, with their total wealth rising by around 15 per cent to 1.81 trillion dollars.

Microsoft founder Bill Gates and the founder of fashion retailer Zara, Amancio Ortega, rounded out the top three spots, with wealth estimated just over and just under 60 billion dollars.

Investor Warren Buffett is at fourth place, but added around five billion dollars to his fortune over the year despite donating a substantial amount to charity last year.

IKEA founder Ingvar Kamprad saw his net worth rising 16.6 per cent to approximately $ 40 billion, putting him in fifth place on Bloomberg's billionaire's index.

Image Courtesy: Reuters
Source: ANI