Slim still on top of the pile
Source: Agencies |
March 11, 2011, Friday
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Print Edition
Print Edition
THE global ranks of billionaires grew by 199 people in the past year, but none came close to unseating Carlos Slim of Mexico, the world's richest man, who added US$20.5 billion to his coffers, according to Forbes magazine's annual tally.
The number of people on Forbes' list climbed to 1,210 billionaires, setting a record with combined wealth of US$4.5 trillion, up from US$3.6 trillion a year ago. While the biggest slice of that wealth, US$1.5 trillion, is controlled by people in the US, the publication said more than half of the new billionaires came from Brazil, Russia, India and China. Some 332 Asians made the list, surpassing Europe's 300 for the first time.
Moscow, with 79 billionaires, racked up more berths on the list than any other city in the world.
The United States still has the lead in total number of billionaires, with 413 of the 1,210 on the list.
At the top of the list for the second year in a row is Mexican telecom magnate Slim, whose fortune climbed to US$74 billion on strength in the Mexican stock market, a stronger peso and successful business spin-offs, Forbes said.
Second on the list is Bill Gates, the co-founder of Microsoft Corp and now a full-time philanthropist, who has a net worth of US$56 billion.
The rebound in the stock market helped investor Warren Buffett's wealth increase to US$50 billion. The return of people's appetite for luxury goods pushed LVMH CEO Bernard Arnault up to No. 4 from No. 7, with a net worth of US$41 billion.
Mark Zuckerberg, CEO of Facebook, had the fastest-growing net worth, tripling to US$13.5 billion. He is 52nd on the list. Forbes said 648 on the list grew richer in the past year, while 160 saw declining fortunes.
The number of people on Forbes' list climbed to 1,210 billionaires, setting a record with combined wealth of US$4.5 trillion, up from US$3.6 trillion a year ago. While the biggest slice of that wealth, US$1.5 trillion, is controlled by people in the US, the publication said more than half of the new billionaires came from Brazil, Russia, India and China. Some 332 Asians made the list, surpassing Europe's 300 for the first time.
Moscow, with 79 billionaires, racked up more berths on the list than any other city in the world.
The United States still has the lead in total number of billionaires, with 413 of the 1,210 on the list.
At the top of the list for the second year in a row is Mexican telecom magnate Slim, whose fortune climbed to US$74 billion on strength in the Mexican stock market, a stronger peso and successful business spin-offs, Forbes said.
Second on the list is Bill Gates, the co-founder of Microsoft Corp and now a full-time philanthropist, who has a net worth of US$56 billion.
The rebound in the stock market helped investor Warren Buffett's wealth increase to US$50 billion. The return of people's appetite for luxury goods pushed LVMH CEO Bernard Arnault up to No. 4 from No. 7, with a net worth of US$41 billion.
Mark Zuckerberg, CEO of Facebook, had the fastest-growing net worth, tripling to US$13.5 billion. He is 52nd on the list. Forbes said 648 on the list grew richer in the past year, while 160 saw declining fortunes.
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