Mukesh Ambani Declared 18th Richest Man in the World; Retains Position as Richest Indian

Mukesh Ambani, the Indian business tycoon is the 18th richest person of the world having personal wealth of 24.7 billion dollar in 2012, as per the Bloomberg Billionaires Index, which is the daily ranking that describes 100 wealthiest individuals of the world.

Mukesh Ambani is the chairman and MD of Reliance Industries and for the sixth time in a row, he retained his rank as the richest Indian of the world. Infact, his ranking jumped up from 19th position to 18th and his wealth increased from 21 billion dollar to 24.7 billion dollar in the world, the Index revealed.
 
The Index also revealed that the Mexican telecommunication tycoon Carlos Slim was the richest person of the world in 2012 with personal wealth of over 70 billion dollar. The founder of Microsoft, Bill Gates as well as the founder of Zara, the fashion retail, Amancio Ortega retained the position in top three with their wealth standing just more than and a little less than 60 billion dollar respectively.

The investor Warren Buffett came down to fourth position despite adding a personal wealth of approximately 5 billion dollar and donating a huge chunk to the charity. The net worth of IKEA founder, Ingvar Kamprad got the net worth increased to around 40 billion dollar, thus achieving the fifth position.

The Index revealed that the top 100 billionaires of the world became richer even more in 2012 with the total wealth increasing by approximately 15 percent to 1.81 trillion dollar.