India and China are buzzling with economical activity. The Forbes list of richest Indians was just released. This list just goes to showcase the growing wealth of these business people. Moreover the economical boom and the soaring stock market are just indicators of this list. As usual the IT Mogul Aziz Premji finds his place in the list while the Takeover Tycoon Lakshmi Mittal occupies the top spot. The Ambani brothers, Mukesh and Anil, who had a split, occupies the second and third position respectively. The construction giant DLF’s Kushal Pal Singh has climbed to the fifth position. While Sunil Mittal, Kumaramangalam Birla, Tulsi Tanti, Ramesh Chandra and Pallonji Mistry capture the positions between 6 and 10 respectively.
This is what Forbes had to say on how it had calculated this list:

“Unlike Forbes’ Billionaires list, this ranking has been broadened to include family fortunes. For instance, Tulsi Tanti’s $5.9 billion fortune represents his family’s entire 70% stake in Suzlon Energy, not just his personal 30% stake. For people with fortunes in publicly traded companies, net worths were calculated using Nov. 6 market prices and exchange rates. Privately held companies are valued by coupling estimates of revenues or profits (or, in some cases, company-provided numbers) to prevailing ratios for similar publicly traded companies.”

An increase of $64 billion from last year’s $106 billion, makes these India’s 40 richest business people worth a collective $170 billion. This list throws some interesting fact about the neighbouring competitor China. China’s 40 Richest account for a collective worth of $38 billion. While India has 36 Billionaires in this list, China has just 15. One good news for china is that the number of richest women is more than India and average age of chinese is lesser than their Indian counterparts.

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