Asia’s Billionaires - Japan surrenders to India
March 10th, 2007 - by 2point6billion.com
India replaced Japan as Asia’s top billionaire locale says the Forbes 2007 billionaires list released last Thursday. India now has 36 citizens with over a billion dollars (and an accumulated US$ 191 billion); nine of them were in the top 12 richest in Asia and of the continent’s 54 new billionaires, 14 were Indian. Globally, India is only 4th to Russia (53), Germany (55), and the US (with 415) and of India’s top three - Lakshmi Niwas Mittal (world’s 5th), Mukesh Ambani (14th), and Anil Ambani (18th) - the feuding brothers have made it into the world’s top 20 this year.
For China, Li Ka-shing remains the richest - ranking 9th globally with US$ 22 billion. Dumpling maker and self-made magnate, Li Wei (founder of Synear Food Holding, China’s largest frozen foods producer) made it into the list this year along with a dozen other Chinese new billionaires. Though not in the world nor Asia’s top rankings, China’s richest 40 had a combined net worth of US$ 154 billion this year.
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