Bill Gates regains world's richest man title, Mukesh Ambani leads India: Forbes

Mar 04 2014, 10:59 IST
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Bill Gates has held the top spot for 15 of the†past 20 years. Reuters Bill Gates has held the top spot for 15 of the†past 20 years. Reuters
SummaryMukesh Ambani leads Indian based billionaires list.

chain) retains 3rd rank for the second year in a row, extending his lead over Warren Buffett, who is again on 4th spot.

American gambling tycoon Sheldon Adelson, who added USD 11.5 billion to his pile, makes it back into the top ten for the first time since 2007.

Roughly two-thirds of the billionaires built their own fortunes, 13 per cent inherited them and 21 per cent have been adding on to fortunes they received.

Other notable newcomers include World Wrestling Entertainment CEO Vince McMahon, fashion king Michael Kors and Denise Coates of UK online betting firm Bet365.

Forbes said not all countriesĖor tycoonsĖhad good years.

Turkey lost 19 billionaires due to soaring inflation, a sagging stock market and a declining value in its currency.

Indonesia, whose currency tumbled 20 per cent against the dollar, now has eight fewer ten-figure fortunes. Altogether 100 people dropped out of the ranks, while another 16 passed away.

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