Monday, March 12, 2007

India leads Asia billionaire club

India has the most billionaires in Asia with a total wealth of $191bn between them, according to the Forbes magazine annual list of richest people.

With 36 billionaires, India has overtaken Japan's 24 billionaires, after two decades of Japan topping the Asian rich list.

Steel magnate Lakshmi Mittal leads the Indian billionaire club, with a net worth of $32bn.

Globally, there are a record 946 billionaires, up from 793 last year.

"It was a sizzling year in Asia. Both India and China saw huge gains, " Forbes associate editor Luisa Kroll was reported as saying by the AFP news agency.