India has 101 billionaires, 4TH LARGEST FIGURE IN WORLD

NEW YORK: India is home to world’s fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians, according to a new list released by Forbes magazine. The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world who have a combined net worth of $7.67 trillion, a record 18-per cent increase over the past year.

The list has been topped by Microsoft co-founder Bill Gates for the fourth year in a row with a fortune of $86 billion, followed by Berkshire Hathaway chief Warren Buffet with a new worth of $75.6 billion. Amazon’s Jeff Bezos added $27.6 billion to his fortune; now worth $72.8 billion, moving into the top three in the world for the first time, up from number five a year ago.

US President Donald Trump is ranked 544th on the list with his net worth of $3.5 billion. India is home to 101 billionaires, the first time it has has more than 100 super rich individuals. The US continues to have more billionaires than any other nation, with a record 565, up from 540 a year ago. China is catching up with 319, Germany has the third most with 114 and India has the fourth highest number of billionaires.

There are nearly 20 people of Indian-origin who have made fortunes in various nations across the world, led by Uk-based Hinduja brothers ranked 64th with $15.4 billion net worth.