With a net worth of $112 billion, Amazon Founder Jeff Bezos has topped the Forbes billionaires list for the first time, dethroning Bill Gates who topped the list 18 times in the past 24 years.
Gates, with a net worth of $90 billion, was followed by Warren Buffett with $84 billion, while Mark Zuckerberg was ranked fifth with $71 billion.
In India, out of 121 billionaires — 19 more than last year — Mukesh Ambani, who keeps his standing as the richest Indian, is richer by $16.9 billion in 2018 with assets of $40.1 billion, according to Forbes magazine’s list released online.
The Indian billionaires are the third largest group of the ultra-rich after those from the US and China, according to Forbes.
Mukesh moved up to the 19th global rank on the list of 2,208 billionaires worldwide compiled by Forbes. In 2017, he ranked 33rd with $23.2 billion.
In 2017, there were 102 Indians on the list.
The software entrepreneur Azim Premji moves to the second richest Indian spot in 2018, passing Lakshmi Mittal, the international steel tycoon, according to the magazine.
Premji moved up from the 72nd global spot in 2017 with $14.9 billion, to the 58th rank with $18.8 billion this year.
Although the value of his assets have increased over the past year, Lakshmi Mittal slid to the 62nd rank on the 2018 global list and to the third spot among Indians with $18.5 billion from the 56th worldwide rank with $16.4 billion in 2017.
The richest Indian woman on the Forbes list is Savitri Jindal of the Jindal steel and power conglomerate, who ranks 176th globally on the Forbes list with $8.8 billion.
Next is the biotech entrepreneur Kiran Mazumdar-Shaw at 629 with $3.6 billion.
The 39-year-old financial technology entrepreneur Vijay Shekhar Sharma, who ranks 1,394th globally with $1.7 billion, is the youngest Indian on the Forbes list.
Software company HCL’s founder Shiv Nadar is the fourth richest Indian on the list with $14.6 billion and is ranked 98 globally.
Sun Pharmaceuticals founder Dilip Shanghvi ranks next as the fifth riches Indian with $12.8 billion at the 115th global spot.
The Indian pharmaceutical sector has the most number of billionaires – 16.
It is followed by consumer goods with 15 billionaires, real estate with nine, and software services and diversified investments with eight each.
Nirav Modi, the jeweller who has reportedly been linked to an alleged $2 billion-fraud involving the Punjab National Bank, was not on last year’s or this year’s global list of billionaires, but a separate list of only Indian billionaires published by Forbes in October ranked him 85th with assets worth $1.8 billion.
Many people of the Indian diaspora also figure on the Forbes list. Construction magnate Pallonji Mistry, who is listed as Irish, is ranked 66th with $17.8 billion.
There are nine others of Indian origin with assets over $2 billion from Australia, Britain, Malaysia, Indonesia, Singapore and the US.
The top Indian billionaires
Here is a list of the richest Indians on the Forbes list with assets over $8 billion. (Their global rank is shown before their names and the sector and value of assets as listed by Forbes follow their names.)
19 Mukesh Ambani ($40.1 billion, petrochemicals, oil & gas)
58 Azim Premji ($18.8 billion, software services)
62 Lakshmi Mittal ($18.5 billion, steel)
98 Shiv Nadar ($14.6 billion, software services)
115 Dilip Shanghvi ($12.8 billion, pharmaceuticals)
127 Kumar Birla ($11.8 billion, commodities)
143 Uday Kotak ($10.7 billion, banking)
151 Radhakishan Damani ($10 billion, investments, retail)
154 Gautam Adani ($9.7 billion, commodities, ports)
170 Cyrus Poonawalla ($9.1 billion, vaccines)
176 Savitri Jindal ($8.8 billion, steel)
176 Sunil Mittal ($8.8 billion, telecom)