Richest are getting poorer

http://paper.li/Bunibroto/1309952288/2011/10/27

1) Carlos Slim Helu & family    Mexico   $74.0 B

2) Bill Gates                            USA     $56.0 B

3) Warren Buffett                     USA       $50.0 B

4) Bernard Arnault                   France   $41.0 B

5) Larry Ellison                        USA       $39.5 B

6) Lakshmi Mittal                     India      $31.1 B

7) Amancio Ortega                  Spain     $31.0 B

8) Eike Batista                         Brazil     $30.0 B

9) Mukesh Ambani                  India      $27.0 B

10) Christy Walton & family     USA      $26.5 B

This wealth calculation is of 3^rd.March

So 4 Americans and 2 Indians are in the list.Nearest Chinese is on the 95^th position having asset is $9.4 billion. This baron is from internet having name Robin Li. Mentioning Chinese name is essential to break the myth that Chinese are superior to Indians and know better business. Carlos Slim has also widened his position with Mr.Bill Gates in comparison to 2010

Now check the latest wealth calculation and losses made by them in 3 months. This will give you clear indication where & how wealth is going down

Moreover Reuter said, India's richest are getting poorer, according to Forbes, as falling stock prices, corruption scandals in Asia's third-largest economy and a global slowdown wiped 20 percent off the total value of the country's 100 wealthiest in the last year.

BIG TEN

Mukesh Ambani lead a top ten dominated by industrial tycoons, including ArcelorMittal chairman Lakshmi Mittal, who came in second with a net worth of $19.2 billion.

Energy and metal barons Shashi and Ravi Ruia lie fourth with a combined worth of $10.2 billion.

Kumar Birla, head of the fabrics-to-cement Aditya Birla conglomerate, Adi Godrej of the Godrej Group and construction tycoon Pallonji Mistry -- the largest individual shareholder of the Tata Group and father-in-law to Noel Tata, touted as a likely successor to Ratan Tata -- are also in the top ten.

Many of those companies are benefiting from India's plans to spend $1 trillion in the five years to 2017 to overhaul its creaking infrastructure, seen as a barrier to continued economic growth.

Only one name from India's showpiece IT sector made the top ten: Azim Premji, chairman of Wipro, India's No. 3 software services provider, ranked third with a net worth of $13 billion.

Savitri Jindal, head of Jindal Steel and Power Ltd, was India's richest woman, sitting fifth on the list with a net worth of $9.5 billion. Jindal was one of only five women on the list of one hundred.

A $39 billion telecom scandal, likely India's largest ever graft scam, made its mark on the list, with two accused in the case, Vinod Goenka and Shahid Balwa, falling out of the top 100. Both deny any wrongdoing.

Debutants on the annual list include Kapil Bhatia and his son Rahul, founders of budget airline IndiGo, and V.G. Siddhartha, whose coffee shop chain Cafe Coffee Day gave him a net worth of $595 million.

India's biggest gainer in percentage terms was Brijmohan Lall Munjal, head of two-wheeler HeroMoto Corp, whose net worth rose to $2.7 billion in the year his firm ended a 26-year partnership with Japan's Honda Motor.

India's auto industry has seen car sales declining on high interest rates while families of four continue to buy two-wheelers, most of which can be bought without relying on loans.