Forbes Rich List 2011 : Carlos Slim The world's Richest Man Still

Today on March 10, 2011. Get here the detailed information about Top 20 Billionaires of Forbes List 2011 as Forbes list of billionaires is based on an annual assessment of wealth and assetts compiled. Mexico’s Carlos Slim widened his lead at No. 1. in Forbes List 2011 by breaking records in with total net worth of $74 billion.Checkout here Forbes List 2011 Billionaires – Top 20 Billionaires of Forbes List 2011:

1. Carlos Slim (Mexico) – $74 billion, telecommunications

2. Bill Gates (USA) – $56 billion, Microsoft

3. Warren Buffett (USA) – $50 billion, Berkshire Hathaway

4. Bernard Arnault (France) – $41 billion, LVMH

5. Larry Ellison (USA) – $39.5 billion, Oracle Corp

6. Lakshmi Mittal (India) – $31.1 billion, steel

7. Armancio Ortega (Spain) – $31 billion, retail

8. Eike Batista (Brazil) – $30 billion, mining, oil

9. Mukesh Ambani (India) – $27 billion, petrochemicals, oil and gas

10. Christy Walton (USA) – $26.5 billion, Wal-Mart

India added six billionaires, taking its total to 55, "but the average net worth ... is huge -- $4.5 billion for an Indian billionaire versus $2.5 billion for a Chinese billionaire," said Forbes Chief Executive Steve Forbes.



Russia's billionaire growth was attributed to a commodities boom. Brazil's increase came from stricter disclosure rules and a stronger currency. In China and India, strong economies helped create billionaires from a range of industries.

"The bottom line is BRICs, commodities and Asia Pacific," Forbes told a news conference on Wednesday. "There is a global commodities boom. But as we should have learned ... commodities can go up very sharply, they can go down very sharply."

The Reuters Jefferies CRB commodities index rose 17 per cent last year and is up another 8 per cent this year as copper and gold hit record highs, grains are near their 2008 peaks and, most recently, oil surged beyond $100 a barrel.

Brazil, Russia, India and China produced half the world's 214 new billionaires, double last year's 97 newcomers. The Asia Pacific was home to 105 newcomers, three-quarters of whom earned their fortunes from stakes in public companies.

Around the world, the top industries for producing new billionaires were energy, fashion and retail, manufacturing, finance and diversified, Forbes said.