Skip to main content

Bill Gates Is World's Richest Person for Third Consecutive Year: Forbes

Microsoft's founder Bill Gates continued his reign as the world's richest person with a net worth of $75 billion (roughly Rs. 5,07,071 crores), 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 (roughly Rs. 43,946 crores), $570 million (roughly Rs. 3,853 crores) less than last year.

Gates remains the richest person in the world with a net worth of $75 billion, despite being $4.2 billion (roughly Rs. 28,395 crores) 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 (roughly Rs. 1,39,275 crores), the magazine said, adding that "the $62.2 billion (roughly Rs. 4,20,531 crores) (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.

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 (roughly Rs. 1,12,907 crores) networth), Wipro Chairman Azim Premji (55 with $15 billion (roughly Rs. 1,01,414 crores) networth) and HCL co-founder Shiv Nadar (88 and $11.1 billion (roughly Rs. 75,046 crores) 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).

Also making to the list is investor Rakesh Jhunjhunwala on the 1011 rank, Infosys cofounder Nandan Nilekani (1121), Former Amazon executive and Flipkart founder Sachin Bansal (1476) and pharma company Wockhardt chairman Habil Khorakiwala (1694).

Forbes' 221 people fell off the list, while 198 newcomers joined the ranks of billionaires in 2016.

Apart from Gates, Buffett held steady in the top 20.

Facebook founder Mark Zuckerberg had the best year of all billionaires. The 31-year-old added $11.2 billion (roughly Rs. 75,722 crores) to his fortune and moved up to No. 6 from 16. He and Amazon's Jeff Bezos both make their first appearance in the top ten of Forbes' annual ranking of the world's wealthiest.

In another first, billionaire from China's mainland, Wang Jianlin, whose company owns AMC Theaters climbed into the top 20.

Among the most notable newcomers are Cameron Mackintosh, the first theater producer to make the billionaire ranks; WeWork's Adam Neumann and Miguel McKelvey and Pinterest's Ben Silbermann and Evan Sharp.

Neumann, Silbermann and Sharp are three of a record 66 billionaires under the age of 40.

The youngest billionaire in the world is a 19-year-old Norwegain heiress, Alexandra Andresen, who has a 42 percent stake in her family's business.

Her sister Katharina is second youngest, just 20. Forbes said another new entrant worth mentioning is Zhou Qunfei, whose $5.9 billion (roughly Rs. 39,889 crores) fortune from smartphone screens is enough to make her the richest self-made woman in the world.

She is one of 190 women in the list, down from 197 last year.

The US has 540 billionaires, more than any other country in the world, followed by mainland China with 251 (Hong Kong has another 69) and Germany with 120. Russia has 77, ten-figure fortunes, 11 fewer than last year, while Brazil is down 23 to 31.

Popular posts from this blog

Virtual reality set to transform filmmaking

Chris Milk stepped onto a TED Conference stage and took the audience on an awe-inducing trip into the future of movies. While much of the early attention on virtual reality has focused on use of the immersive technology in video games, Milk and his US startup Vrse are using it to transform storytelling and filmgoing. "We have just started to scratch the surface of the true power of virtual reality," Milk said. "It's not a video game peripheral. It connects humans to other humans in a profound way... I think virtual reality has the potential to actually change the world." He had everyone in the Vancouver audience at TED , which ended Friday, hold Google Cardboard viewers to their eyes for what was billed as the world's collective virtual reality experience. Google Cardboard gear is literally that -- cardboard

10 Smartphones with Features that You Won't Find in Any Other Phone

Here’s a list of phones which are first-of-their-kind. From feature phones to smartphones, flat screen to curved, fragile to shatterproof, mobile phones have evolved over the years. Although many industry analysts would like to call the current level of innovation reaching a stagnation point, there still are some manufacturers which have been able to surprise consumers by truly packing something different in their smartphones. We have compiled a list of phones which offer first-of-its-kind features, and they are not merely concepts. 1. Motorola X force - Shatterproof display Display today is the most vulnerable yet the most neglected element in modern smartphones. But Motorola finally paid heed to the fragile screen with the launch of the the Motorola X Force – the world’s first smartphone with a shatterproof display. The phone uses the Moto ShatterShield display technology, which is said to be an integrated system consisting of five layers designed from material...

10 years of Twitter: Key milestones in the micro-blogging site's decade-long history

Over its 10-year history, Twitter has marked numerous world events and created its own unique moments. Here are a few key milestones in Twitter history: just setting up my twttr — Jack (@jack)  March 21, 2006 March 2006:  Twitter co-founder Jack Dorsey (@jack) sent the first tweet, an automated message saying "just setting up my twttr." That same day, he sent the first live tweet, "inviting coworkers." Arrested — James Buck (@jamesbuck)  April 10, 2008 April 2008:  US university student James Buck (@jamesbuck) got off a one-word tweet "Arrested" after being taken into custody by Egyptian authorities at an anti-government protest in that country. In what is seen as an early demonstration of the power of Twitter to rally people to a cause, the resulting outcry prompted authorities to quickly restore his liberty. He proclaimed his release in a tweet reading "Free." http://twitpic.com/135xa - There's a plane in the Hudson. I'm ...