3. ABOUT FORBES LIST
Forbes list of billionaires is an annual ranking of the world's
wealthiest people, compiled and published by Forbes, an American
national business magazine.
The total net worth of each indivdual on the list is estimated, in
United States dollars, based on their assets and accounting for debt.
The list only represents each person's valuation on a single day, due
to daily fluctuations among exchange rates and stock valuations.
4. CARLOS SLIM HELU
Carlos Slim Helú born on January 28, 1940.
He is a Mexican business magnate, investor, and philanthropist.
He has been ranked by Forbes as the richest person in the world
since 2010.
Presently he is the chairman and chief executive of
telecommunications companies Telmex .
His net worth as on January 10,2013 is estimated to be $69 billions.
5. HIS SOURCES OF WEALTH
TELMEX- Telmex is a Mexican telecommunications company
headquartered in Mexico City that provides telecommunications
products and services in Mexico, Argentina, Colombia, Brazil and
other countries in Latin America.
Telmex is still the dominant fixed-line phone carrier in Mexico, in
addition to traditional fixed-line telephone service.
Telmex also offers Internet access, data, hosted services and IPTV.
Telmex owns 90 percent of the telephone lines in Mexico City.
After privatization, Telmex began investing in new modern
infrastructure, creating a nation wide fiber optic network, thus offering
service to most of the country.
6. BILL GATES
William Henry "Bill" Gates III was born on October 28, 1955.
He is an American business magnate and philanthropist.
He is the former chief executive and current chairman of
Microsoft, the world’s largest personal-computer software
company, which he co-founded with Paul Allen.
He has been ranked by Forbes as the 2nd richest person of the world.
His net worth as of January10, 2013 is estimated to be $61 billions.
7. HIS SOURCE OF WEALTH
Microsoft Corporation is an American multinational software
corporation headquartered in Redmond, Washington that
develops, manufactures, licenses, and supports a wide range of
products and services related to computing.
The company was founded by Bill Gates and Paul Allen on April
4, 1975.
It rose to dominate the personal computer operating system market
with MS-DOS in the mid-1980s, followed by the Microsoft Windows
line of operating systems.
Microsoft acquired Skype Technologies for $8.5 billion in its largest
acquisition till date.
Microsoft is market dominant in both the PC operating system and
office suite markets (the latter with Microsoft Office).
8. WARREN BUFFETT
Warren Edward Buffett was born August 30, 1930.
He is an American business magnate, investor, and philanthropist.
He has been ranked by Forbes as the 3rd richest person of the world.
He is the primary shareholder, chairman and CEO of Berkshire
Hathaway.
His net worth as on January10, 2013 is estimated to be $44 billions.
9. HIS SOURCE OF WEALTH
Berkshire Hathaway Inc. is an American multinational
conglomerate holding company headquartered in
Omaha, Nebraska, United States , that oversees and manages a
number of subsidiary companies.
The company averaged an annual growth in book value of 20.3%.
Berkshire now owns a diverse range of businesses including
confectionery, manufacture and distribution of uniforms; as well as
several regional electric and gas utilities.
10. BERNARD ARNAULT
Bernard Arnault, was born on 5 March 1949.
He is a French business magnate and art collector.
He has been ranked by Forbes as the 4th richest person of the world.
He has also been named by Forbes as "the fashion person of 2011".
His net worth as on January 10, 2013 is estimated to be $41 billions.
11. HIS SOURCE OF WEALTH
LVMH
LVMH ( Louis Vuitton Moët Hennessy ), is a French multinational
luxury goods conglomerate.H
Headquartered in Paris.
The company was formed after the 1987 ,merger of fashion house
Louis Vuitton with Moët Hennessy.
Arnault's successful integration of various famous aspirational
brands into the group has inspired other luxury companies into doing
the same.
12. LARRY ELLISON
Lawrence Joseph "Larry" Ellison was born on August 17, 1944.
He is an American business magnate , co-founder and chief
executive of Oracle Corporation (one of the world's leading
enterprise software companies).
He has been ranked by Forbes as the 5th richest person of the world.
The bulk of Ellison's fortune comes from his 22.5 percent stake in
Oracle.
His net worth as on January 10, 2013 is estimated to be $37.5
billions.
13. HIS SOURCE OF WEALTH
Oracle Corporation is an American multinational computer
technology corporation that specializes in developing and marketing
computer hardware systems and enterprise software products –
particularly database management systems.
Headquartered in California, United States.
Oracle is the third-largest software maker by revenue, after Microsoft
and IBM.
The company also builds tools for database development and
systems of middle-tier software, enterprise resource planning
software (ERP), customer relationship management software (CRM)
and supply chain management (SCM) software.
14. AMANCIO ORTEGA GAONA
Amancio Ortega Gaona was born on 28 March 1936.
He has been ranked by Forbes as the 6th richest person of the world.
He is a Spanish fashion executive and founding chairman of the
Spanish clothing merchandiser inditex.
As of January 2013, he is the richest man in Europe.
His net worth as on January 10, 2013 is estimated to be $36.5
billions.
15. AMANCIO SOUCE OF WEALTH
Inditex is a large Spanish corporation and the world's largest fashion
group.
Inditex runs more than 5,500 stores worldwide
The majority of stores are corporate-owned.
Franchises are only conceded in countries where corporate
properties cannot be foreign-owned
Inditex headquarters are located in Arteixo.
Most manufacturing is now in low labour cost countries, mainly in
Morocco and China, although much production continues in Spain
and Portugal, particularly for its Zara brand.
16. STEFAN PERSSON
Stefan Persson was born on 4 October 1947.
He is a Swedish business magnate.
He is the current chairman and main shareholder in fashion company
H&M, which was founded by his father Erling Persson.
He has been ranked by Forbes as the 7th richest person of the world.
He took over the company in 1982.
He also owns a substantial stake in Swedish technology company
Hexagon, and privately held properties in London, Paris.
His net worth as on January 10, 2013 is estimated to be $28 billions.
17. HIS SOURCE OF WEALTH
H & M is a Swedish multinational retail-clothing company, known for
its fast-fashion clothing for men, women, teenagers and children.
H&M exists in 43 countries and employed around 94,000 people.
It is ranked the second largest global clothing retailer, just behind
Spain-based Inditex (parent company of ZARA), and leads over third
largest global clothing retailer, United States based GAP Inc.
18. MUKESH AMBANI
Mukesh Ambani born on 19th April, 1957.
He is an Indian business magnate who is the chairman and CEO of
the Indian conglomerate Reliance Industries Limited (RIL).
He has been ranked by Forbes as the 8th richest person of the
World.
He set up one Reliance Infocomm Limited (now Reliance
Communications Limited), which was focused on information and
communications technology initiatives.
He directed and led the creation of the world’s largest grassroots
petroleum refinery at Jamnagar, India, which had the capacity to
produce 660,000 barrels per day integrated with
petrochemicals, power generation, port and related infrastructure.
His net worth as of January 10, 2013 is estimated to be $26 billions.
19. HIS SOURCES OF WEALTH
RELIANCE INDUSTRIES LTD. - is an Indian conglomerate company
headquartered in Mumbai, Maharashtra, India. The company
operates in three segments:
Petrochemicals, refining and oil & gas.
Textile, retail business, special economic zone (SEZ) development
and
Telecom / broadband business.
RIL is one of the largest publicly traded company in India by market
capitalisation.
is the second largest company in India by revenue after Indian Oil
Corporation.
Is to invest $1 billion over the next few years in its new aerospace
division which will design, develop, manufacture, equipment and
components, engine, radars, avionics and accessories.
20. EIKE BATISTA
Eike Fuhrken Batista was born on November 3, 1956 .
He is a Brazilian business magnate who made a fortune in mining
and oil and gas exploration.
Presently, he is the chairman of Brazilian conglomerate EBX Group.
He has been ranked by Forbes as the 9th richest person of the world.
His net worth as on January 10, 2013 is estimated to be $26 billions.
21. EBX GROUP
EBX Group comprises six companies listed in BOVESPA’s Novo
Mercado, the segment that features the highest standards in
corporate governance: OGX (oil), MPX (energy), LLX
(logistics), MMX (mining), OSX (offshore industry), and CCX (coal
mining).
EBX Group invested US$ 15.7 billion, generating 20,000 jobs in the
construction and operation of its enterprises. Over the succeeding
years, it will invest US$ 50 billion.
The group has strategic partners and develops structured
projects, which focus on state-of-the-art technology and the
generation of wealth.
EBX primarily invests in the sectors of infrastructure and natural
resources.
It also has leading initiatives in real
estate, technology, entertainment, sports and gold mining, as well as
in the air and rail catering sectors.
22. CHRISTY WALTON
Christy Ruth Walton was born on 1955.
She is the widow of John T. Walton, one of the sons of Sam
Walton, the founder of Wal-Mart. After John's death in June
2005, she inherited his fortune of US$15.7 billion.
She has been ranked by Forbes as the 10th richest person of the
world.
She and her family had an estimated net worth of $29.9 billion, the
bulk of which comes from her shares in Wal-Mart, but also from First
Solar, in which her husband invested.
Her net worth as on January 10, 2013 is estimated to be $25.3
billions.
23. HER SOURCE OF WEALTH
Wal-Mart Stores, Inc. branded as Walmart, is an American
multinational retail corporation that runs chains of large discount
department stores and warehouse stores.
The company is the world's third largest public corporation, the
biggest private employer in the world with over two million
employees, and is the largest retailer in the world.
Walmart remains a family-owned business, as the company is
controlled by the Walton family, who own a 48 percent stake in
Walmart.
The company was founded by Sam Walton in 1962, incorporated on
October 31, 1969, and publicly traded on the New York Stock
Exchange in 1972.
It is headquartered in Arkansas.
Walmart is also the largest grocery retailer in the United States.
Walmart has 8,500 stores in 15 countries, under 55 different names.
25. MUKESH AMBANI
Mukesh Ambani born on 19th April, 1957.
He is an Indian business magnate who is the chairman and
CEO of the Indian conglomerate Reliance Industries Limited
(RIL).
He has been ranked by Forbes as the richest person in India.
He set up one Reliance Infocomm Limited (now Reliance
Communications Limited), which was focused on information
and communications technology initiatives.
He directed and led the creation of the world’s largest
grassroots petroleum refinery at Jamnagar, India, which had
the capacity to produce 660,000 barrels per day, integrated
with petrochemicals, power generation, port and related
infrastructure.
His net worth as of January 10, 2013 is estimated to be $26
billions.
26. HIS SOURCES OF WEALTH
RELIANCE INDUSTRIES LTD. - is headquartered in
Mumbai, Maharashtra, India. The company operates in three
segments:
Petrochemicals, refining and oil & gas.
Textile, retail business, special economic zone (SEZ) development
and
Telecom / broadband business.
RIL is one of the largest publicly traded company in India by market
capitalisation.
is the second largest company in India by revenue after Indian Oil
Corporation.
is to invest $1 billion over the next few years in its new aerospace
division which will design, develop, manufacture, equipment and
components, and aerostolutions Ltd.
27. LAKSHMI MITTAL
Lakshmi Niwas Mittal born on 15th June , 1950.
He has been ranked by Forbes as the 2nd richest person
in india.
He is an England based Indian steel magnate who is the
CEO of Mittal Steel Company and owns 88% of the
company.
He is the chairman and CEO of Arcelor Mittal, the
world’s largest steelmaking company.
He owns 41 percent of Arcelor Mittal .
He holds a 34 percent stake in the Queens Park
Rangers F.C. football team.
His net worth as of January 10,2013 is estimated to be
$20.2 billions.
28. HIS SOURCES OF WEALTH
Mittal Steel Company was based in Rotterdam.
Managed from London by Mittal and his son Aditya.
Was formed when Ispat International N.V. acquired LNM
Holdings N.V. (both were already controlled by Lakshmi
Mittal) and merged with International Steel Group Inc. in
2004.
On 25 June 2006, Mittal Steel decided to
takeover Arcelor, with the new company to be called
ArcelorMittal.
Is a multinational steel manufacturing corporation
headquartered in Luxembourg.
Is the world's largest steel producer, with an annual
crude steel production of 97.2 million tones .
Is ranked 70th in the 2012 Fortune Global 500 ranking
of the world's biggest corporations.
29. AZIM PREMJI
Azim Hashim Premji born on 24th July, 1945.
He has been ranked by Forbes as the 3rd richest person in India.
He is an Indian business tycoon and philanthropist who is the
chairman of Wipro Limited.
He has been awarded Padma Vibhushan, the second highest civilian
award by the Government of India.
When he took over as its chairman, Wipro dealt in hydrogenated
cooking fats , bakery fats, ethnic ingredient based toiletries, hair care
soaps, baby toiletries, lighting products, and hydraulic cylinders.
He made a focused shift from soaps to software.
He guided the company through four decades of diversification and
growth to emerge as one of the Indian leaders in the software
industry.
His net worth as of January 10,2013 is estimated to be $16.9 billions.
30. HIS SOURCES OF WEALTH
Wipro Limited (formerly Western India oilment Limited) is an
Indian multinational provider of information technology (IT)
services, consulting and outsourcing services.
is headquartered in Bangalore, Karnataka, India.
has approximately 140,000 employees with global centers in
54 countries.
is the second largest India-based IT services company by
2012 revenues.
has another business segment called Wipro Enterprises Ltd
which has interest in consumer care, lighting, healthcare, and
infrastructure engineering.
31. PALLONJI MISTRY
Pallonji Shapoorji Mistry born in 1929.
He has been ranked by Forbes as 4th richest person in India.
He is an Irish construction tycoon and chairman of
the Shapoorji Pallonji Group.
He has 18.4% stake in Tata Sons.
He is the single largest shareholder in India's largest private
conglomerate Tata Group.
He is also the Chairman of the Shapoorji Pallonji
Group through which he owns Shapoorji Pallonji Construction
Limited, Forbes Textiles and Eureka Forbes Limited.
His net worth as of January 10,2013 is estimated to be $12.9
billions.
32. HIS SOURCES OF WEALTH
Shapoorji Pallonji Group (SP Group) is a Mumbai based
business conglomerate in India.
Interests in construction, real estate, textiles, engineering
goods, home
appliances, shipping, publications, power, and biotechnology.
Is known for building some of Mumbai's landmarks around the
Fort area, including the Hong Kong Bank, Grindlays
Bank, Standard Chartered Bank and Reserve Bank of India
building, Bombay Stock Exchange building and Taj
Intercontinental.
Has built a stone palace for the Sultan of Oman in 1971.
Had plans to invest in a deep-sea port, an IT park, hydro
electricity and construction of roads and night shelters for the
poor in West Bengal.
33. DILIP SHANGHVI
Dilip Shanghvi born in 1955.
He has been ranked by Forbes as the 5th richest person in
India.
He is the founder and managing director of Sun
Pharmaceutical Industries Limited.
He established Sun Pharma in 1983 in Kolkata.
- With 5 products to treat psychiatry ailments.
- Cardiology products were introduced in 1987.
- Gastroenterology products in 1989.
His net worth as on January 10,2013 is estimated to be $11.9
billions.
34. HIS SOURCES OF WEALTH
Sun pharamaceutical Industries Ltd. is an Indian
global pharmaceutical company .
Headquartered in Mumbai, Maharashtra.
Manufactures and sells pharmaceutical formulations and active
pharmaceutical ingredients (APIs) primarily in India and the United
States.
Offers formulations in various therapeutic areas, such
as cardiology, psychiatry, neurology, gastroenterology and
diabetology.
Manufacturing is across 23 locations, including the
US, Canada, Brazil, Mexico and Israel.
35. ADI GODREJ
Adi Godrej was born on 3 April 1942.
He is an Indian industrialist and philanthropist.
He has been ranked by Forbes as the 6th richest person in India.
He was elected as the president of Confederation of Indian Industry
(CII) for the year 2012-13.
After his return to India, he joined the family business.
Adi Godrej took the Godrej Group to great height during controlled
economy era.
His net worth as on January 10, 2013 is estimated to be $11.1
billions.
36. HIS SOURCE OF WEALTH
Godrej Group is an Indian conglomerate..headquartered in
Mumbai, Maharashtra, India.
It was founded by Ardeshir Godrej and Pirojsha Godrej in
1897, Lalbaug, Mumbai.
It operates in diverse sectors such as real estate, consumer
products, industrial engineering, appliances, furniture, security and
agricultural products,to name a few.
It's turnover is in excess of 3.3 billion dollars.
37. SAVITRI JINDAL
Savitri Jindal is an Indian steel baroness.
She is the non-executive chairperson of O.P. Jindal Group, and
member of the Haryana Vidhan Sabha, (Legislative Assembly).
She has been ranked by Forbes as the 7th richest person in India.
She also served as a Minister of Power in the Government of
Haryana until 2010.
She became the chairperson after her husband, O. P. Jindal, died in
a helicopter crash in 2005.
Her net worth as on January 10, 2013 is estimated to be $10.9
billions.
38. HER SOURCE OF WEALTH
Jindal Steel and Power Limited (JSPL) is an Indian steel
and energy company based in New Delhi, India and a division
of Jindal Group conglomerate.
It has an annual turnover of over US$4 billions.
It is a leading player in steel, power, mining, oil and gas and
infrastructure.
It is the third largest steel producer in India.
It manufactures and sells sponge iron, hot rolled plates and
coils and coal based sponge iron plant.
It is also involved in power generation.
39. SHASHI & RAVI RUIA
Shashi Ruia is the Chairman of Essar Group.
Ravikant Nand Kishore Ruia is the Vice-Chairman of Essar Group
(founded in 1969 by Ruia and his brother Shashi Ruia).
They hav been ranked by Forbes as the 8th richest persons in India.
They have played an important role in steering the Essar Group to its
pre-eminent position.
Their net worth as on January 10, 2013 is estimated to be $8.7
billions.
40. THEIR SOURCE OF WEALTH
Essar Group is an Indian multinational corporation headquartered at
Mumbai, Maharashtra, India
The company has presence in sectors like
steel, energy, power, communications, shipping ports, logistics and
construction.
Today, the Group continues to expand its global footprint, focusing on
markets in Asia, Africa, Europe, the Americas and Australia.
With operations in more than 20 countries across five continents, the
group employs 75,000 people, with revenues of US$17 billion.
41. HINDUJA BROTHERS
They have been ranked by Forbes as the 9th richest persons in India.
Their net worth as on January 10, 2013 is estimated to be $8.1
billions.
The Hinduja Group is a global conglomerate company
headquartered in London, United Kingdom.
It was founded in 1914 by Parmanand Deepchand Hinduja, initially
operating in Mumbai, India, and setting up its first international
operation in Iran in 1919.
42. THEIR SOURCE OF WEALTH
Ashok Leyland is an Indian automobile manufacturing
company based in Chennai, India, founded in 1948.
It is one of India's leading manufacturers of commercial
vehicles, such as trucks and buses, as well as emergency and
military vehicles.
It makes spare parts and engines for industrial and marine
applications.
It sells about 60,000 vehicles and about 7,000 engines
annually.
43. KUMAR MANGALAM BIRLA
Kumar Mangalam Birla is an Indian industrialist and the
Chairman of the Aditya Birla Group, one of the largest
conglomerate corporations in India.
He has been ranked by Forbes as the 10th richest person in
India.
He is also the Chancellor of the Birla Institute of Technology &
Science.
His net worth as on January 10, 2013 is estimated to be $8
billions.
44. HIS SOURCE OF WEALTH
The Aditya Birla Group is an Indian multinational conglomerate
headquartered in Mumbai, Maharashtra, India.
It operates in 33 countries with more than 133,000 employees
worldwide.
It interests in sectors such as viscose staple
fibre, metals, cement, viscose filament yarn, branded apparel, carbon
black, chemicals, fertilisers, insulators, financial
services, telecom, BPO and IT services.
It is a diversified conglomerate with a total revenue of approximately
US$40 billion.
The group was founded by Ghanshyam Das Birla.