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Forbes’ billionaires list 2018: Mukesh Ambani richest among 121 billionaires in India

New Delhi: Reliance Industries Chairman Mukesh Ambani is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s annual billionaires listpublished Tuesday.

Ambani moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion.

India has 121 billionaires — 19 more than last year — making them the third largest group of the ultra-rich after those from the US and China, according to Forbes, the business magazine that produces an annual list.

The US has 585 billionaires and China 373 this year on the Forbes tally, which it calls “The Three Comma Club” for the punctuation used in writing out fully the billion in numbers. In 2017, there were 102 Indians on the list.

Amazon founder Jeff Bezos is the world`s richest man with assets valued at $112 billion, overtaking Microsoft co-founder Bill Gates whose fortunes are valued at $90 billion and investor Warren Buffet with $84 billion.

In 2017, Gates ranked first globally with $86 billion, Buffet second with $75.6 billion and Bezos third with $72.8 billion.

Bezos, who also owns The Washington Post newspaper, is the first person to cross the $100 billion mark in assets, Forbes said. His fortunes rose by $39.2 billion over the past year, which Forbes said is the list`s biggest one-year jump ever.

Gates, who heads the world`s biggest philanthropic organisation, the Bill and Melinda Gates Foundation, has donated a lot of his assets to charities.

The software entrepreneur Azim Premji moves to the second richest Indian spot in 2018, passing Lakshmi Mittal, the international steel tycoon, according to the magazine.

Premji moved up from the 72nd global spot in 2017 with $14.9 billion, to the 58th rank with $18.8 billion this year.

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