Mukesh and Mittal among top 10 billionaires

Mukesh and Mittal among top 10 billionaires

Mukesh Ambani and Lakshmi Mittal made it to the top 10 on the 2010 Forbes list of world’s billionaires. Ambani ranked fourth with $29 billion and Mittal ranked fifth with $28.7 billion.

The biggest loser in the world this year was Anil Ambani, who lost $32 billion, 76% of his fortune, as shares of his Reliance Communications, Reliance Power and Reliance Capital all collapsed. He was last year’s biggest gainer
This year the world’s billionaires have an average net worth of $3 billion, down 23% in 12 months. The world now has 793 billionaires, down from 1,125 a year ago.

The U.S. is regaining its dominance as a repository of wealth. Americans account for 44% of the money and 45% of the billionaires list’s slots, up seven and three percentage points from last year, respectively.

Bill Gates lost $18 billion but regained his title as the world’s richest man. Warren Buffett, last year’s No. 1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Helú maintains his spot in the top three but lost $25 billion.

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