Who leads the Forbest Rich List for 2010?”
The 2010 Forbes Rich List is out and for the first time in 15 years, an American is not in the top spot of the top 10. Microsoft co-founder and former-Chairman Bill Gates (or William Gates III) is not number one and neither is Warren Buffett. This year, Bill Gates, the 2009 leader, was replaced by Mexican telecommunications mogul Carlos Slim. On ABC’s Nightline Wednesday, much was made of the fact that fewer Americans were in the top-10; in 2005 five of the ten on the list were American. But this should come as no surprise considering the last 30-years of American assistance in the development of the multinational economy. Three decades of “outsourcing” of jobs – sending American jobs to countries like Mexico and India – has created the wealth base in those countries that allows the purchase of goods and services produced by the people who runs the businesses that caused them to reach the Forbes Rich List. Over the last three decades, America has lost over $976 billion in job-generated
Mumbai, India With the release of the latest Forbes rich list of billionaires, India is finding much to brag about – even as other fast-growing economies like China make their mark. Eight Indians made Forbes magazine’s latest list of the top 100 billionaires, and two – energy tycoon Mukesh Ambani and steel mogul Lakshmi Mittal – sit in the top 5. Mr. Ambani is now the fourth richest person in the world, and the richest person in the Asia-Pacific region. The highest-ranking Chinese person on the list is Li Ka-shing of Hong Kong, ranked No. 14 with $21 billion. Ten of Asia’s top 25 billionaires are Indian, while one is from China. IN PICTURES: Forbes: The richest men in the world Although China has more billionaires overall than India (and every other country besides the United States, for the first time), Indian billionaires are richer. According to a local edition of Forbes last November, the wealthiest 100 Indians are collectively worth $276 billion, while their top 100 Chinese counte
