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Asia-Pacific stages strong showing in list of world's billionaires
Published in Saudi Press Agency on 11 - 03 - 2010


The Asia-Pacific region staged a strong showing
in the latest list of the world's super-rich compiled by Forbes
magazine, as the number of billionaires from the region jumped 80 per
cent compared to last year, Forbes media said Thursday, according to dpa.
In addition to the increase in their numbers, billionaires from
the region saw their combined wealth more than double over the past
year, Forbes said in a statement released in Singapore.
With the growth in their collective fortune, Asia-Pacific
billionaires far outpaced their counterparts in Europe and the United
States, who saw their wealth rise by 50 per cent and 18 per cent,
respectively.
The number of super-wealthy from the Asia-Pacific region soared to
234, up from 130 last year, representing an increase to 23 per cent
of the 1,011 individuals on this year's list.
The combined wealth of Asia-Pacific billionaires more than doubled
year-on-year to 729 billion US dollars in 2009, up from 357 billion,
according to Forbes.
Indian oil magnate Mukesh Ambani, valued at 29 billion US dollars,
was the richest man in the Asia-Pacific region, Forbes said, closely
followed by fellow countryman, steel tycoon Lakshmi Mittal, with an
estimated net worth of 28.7 billion US dollars.
With 21 billion US dollars, Hong Kong's Li Ka Shing, came in third
in the region and at number 14 worldwide, said Forbes, while the
richest Asia-Pacific woman, India's Savitri Jindal, just made it into
the region's top 10 with a net worth of 12.2 billion US dollars.
China continued to lead the pack of the region's economies with
the number of its billionaires more than doubling year-on-year to 64,
up from 28 in last year's ranking, Forbes said.
India came in second, increasing its number of listed billionaires
to 49, compared to 24 last year.
Of the 97 newcomers to the Forbes list, 62 were first-time
billionaires from the Asia-Pacific region, a nine-fold increase from
last year when the region contributed only seven new names to the
list, the statement said.


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