NEW YORK: Microsoft’s co-founder Bill Gates continued his reign as the world’s richest person with a net worth of $ 75 billion, according to Forbes’ annual ranking of billionaires, with Reliance Industries chairman Mukesh Ambani leading the pack of 84 Indian billionaires in 2016.

Forbes’ 2016 list of the World’s Billionaires includes 1,810 billionaires, down from a record 1,826 a year ago.

Their aggregate net worth is $6.48 trillion, $570 billion less than last year.
Gates remains the richest person in the world with a net worth of $75 billion, despite being $4.2 billion poorer than a year ago. He has been number one for 3 years in a row and topped the list 17 out of 22 years.

Forbes said Ambani, 58, has retained his position as India’s richest person despite shares of his oil and gas giant Reliance Industries taking a hit due to lower oil prices.

He is ranked 36th on the list with a net worth of $20.6 billion, the magazine said, adding that “the $62.2 billion (revenues) firm is likely to resume buying crude oil from Iran after the lifting of sanctions.”

Occupying the second spot on the list is Spanish billionaire Amancio Ortega, founder of closing retail giant Zara and the richest man in Europe.

On the third spot is billionaire philanthropist and Berkshire Hathaway CEO Warren Buffett, Mexican billionaire Carlos Slim Helu (4) and Amazon CEO Jeff Bezos (5).

Ambani leads a pack of 84 billionaires from India, with pharma magnate Dilip Shanghvi (rank 44 and $16.7 billion networth), Wipro Chairman Azim Premji (55 with $15 billion networth) and HCL co-founder Shiv Nadar (88 and $11.1 billion networth) coming in among the top 100 billionaires.

Other prominent Indian billionaires include ArcelorMittal Chairman Lakshmi Mittal (135), Bharti Airtel’s Sunil Mittal (219), ports and power magnate Gautam Adani (453), matriarch Savitri Jindal (453), Bajaj Group’s Rahul Bajaj (722), Infosys chairman emeritus N R Narayana Murthy (959) and Mahindra Group’s chief Anand Mahindra (1577).

Bill Gates richest in world, Mukesh Ambani at 36th Forbes 2016 Billionaires

Bill Gates topped the list of the world’s richest billionaires for the 17th time in 22 years, it has been revealed.

Though the 60-year-old Microsoft head is $4.2billion poorer than 2015, his net worth of $75billion has put him in the top spot of the spot on Forbes’ World Billionaires list for the third year in a row, after overcoming Mexico’s Carlos Slim Helu in 2014.

Helu came in fourth in Forbes’ 2016 list of 1,810 billionaires, behind Gates, Zara’s Amancio Ortega and business mogul Warren Buffett, respectively.

Others who made the top ten include Amazon’s Jeff Bezos at fifth on the list, Mark Zuckerberg of Facebook at sixth, Oracle’s Larry Ellison at seventh, Michael Bloomberg at eighth, and tied for ninth are David and Charles Koch.

Bill Gates richest in world, Mukesh Ambani at 36th Forbes 2016 Billionaires 2

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