NEW YORK
- The number of billionaires in Asia jumped more than 30 percent from
last year, with tycoons from India and China leading the charge, according
to Forbes magazine's annual billionaires list.
In total, this year saw 1,125 people around the world making the list,
up from 946 last year, representing a total net worth of 4.4 trillion
dollars and a dramatic increase from 3.5 trillion dollars in 2007.
Asians accounted for 211 people on the list, up from 160 last year,
with India counting 53, up from 36 in 2007, and China, which had just
20 billionaires last year, now boasting 42.
Hong Kong saw five more entrepreneurs make the grade, giving it a
total of 26 and meaning that China and Hong Kong, which has a special
administrative status under Beijing, lead the Asian list if grouped
together.
Japan, which last year lost Asia's leading spot after 20 years at
the top, by contrast counted only 24 tycoons on the list, unchanged
from last year and down from 27 in 2006.
"We see some trends that show that (China's) maybe several years
or a decade behind the United States. We have a handful of Internet
folks for the first time," said Forbes' Senior Editor Luisa Kroll,
unveiling the findings.
"A lot of the fortunes in China and Asia in general are in real
estate and infrastructure development as the booming economies basically
build up to handle all of the growth," she said.
India placed third in the world for the number of billionaires, trailing
the United States, which easily led the rankings with 469 billionaires
up from 415 last year, and Russia with 87.
Four Indians figured in the top 10, with steel giant Lakshmi Mittal
placed fourth with 45 billion dollars, followed by petrochemicals
tycoon Mukesh Ambani with 43 billion dollars and his estranged brother
Anil Ambani on 42 billion.
Property magnate K.P. Singh came in eighth on the list, with a fortune
estimated at 30 billion dollars.
Hong Kong businessman Li Ka-shing was the top-placed billionaire from
eastern Asia, with a fortune of 26.5 billion dollars, while China's
Yang Huiyan was the top placed figure in China.
Twenty-six-year-old Yang inherited her 7.4-billion-dollar wealth when
her father transferred his shares in the Country Garden Holdings property
company he founded into his daughter's name.
Gautam Adani, an Indian college dropout who made his money building
Mundra Port, a private sector port on India's west coast, was the
richest newcomer in Asia with a personal fortune of 9.3 billion dollars.
Elsewhere, Australia counted the most billionaires in the Asia-Pacific
region with 14, followed by South Korea with 12 and Malaysia with
eight.
Taiwan had seven, Indonesia and Singapore both counted five, while
Thailand had three and the Philippines two.
(Source: AFP)
