billion) to USD 250 billion in the past one year, Forbes said. However, as per this year’s list, those gains were uneven as seven lost more than a billion and six gained at least that. The number of billionaires also rose to 61, from 57 last year. Besides, 11 newcomers entered in the list including Hinduja brothers who debut with an estimated USD 8 billion fortune. While Sanghvi was the biggest dollar gainer, his fellow entrepreneur, Wockhardt’s Habil Khorakiwala, was the biggest percentage gainer with a net worth of USD 1.8 billion. Besides, the minimum threshold limit to make an entry in the list increased from USD 370 million last year to USD 460 million in 2012. The youngest newcomer is 40-yearold Ranjan Pai at number 63, credited with turning his Manipal Group into a global brand in education, who entered the list with USD 975 million. In the Forbes list, as many as five women figured –- Savitri Jindal, Indu Jain, Anu Aga, Kiran Mazumdar Shaw and Shobhana Bhartia. Sunil Mittal, chairman of telecom firm Bharti Airtel and Gautam Adani of power-focused Adani Group, dropped out of top 10 as the uncertainty and controversy plagued their respective sectors. Liquor baron Vijay Mallya, often referred to as ‘King of good times’, has lost his billionaire tag as “bad times” in his aviation business have dragged down his networth to below the USD 1 billion mark. Mallya is now ranked 73rd with a fortune of USD 800 million, a sharp plunge from 49th place last year with a fortune of USD 1.1 billion. However, Mallya ranks well above Naresh Goyal of Jet Airways, who has been ranked by Forbes at 94th position with a fortune of USD 600 million. The rise of 3.7 per cent in total wealth of India’s richest follows a sharp fall of 20 per cent in the preceding year. This year gain was mainly account of a slew of reform measures taken by the government in key sectors like retail, insurance and aviation. The BSE 30-stock index, Sensex, gained 10 per cent over the past 12 months, a rise partially eroded by a weakening rupee that fell by 8 per cent. The list is based on shareholding and financial information from the families and individuals, stock exchanges, analysts and India’s regulatory agencies. The ranking lists family fortunes, including those shared among extended families. Public fortunes are calculated based on stock prices and exchange rates as of October 12, while value of private companies are based on that of similar firms that are publicly traded.