Forbes Magazine recently published its annual list of the World’s Richest People and in that list dominated by American billionaires, a Mexican tycoon proved to be the richest of them all, while a Filipino billionaire ranks 68th richest in the world.
The Forbes list now includes 1,426 billionaires, up 200 from last year’s list (see Top 10 List of World’s Richest People 2012). The United States again populates the list with 442 billionaires, followed by the Asia Pacific region with 386, Europe with 366, the Americas with 129, and Middle East and Africa with 103.
An infographic of the world’s top 10 richest people is shown below.
Despite the dominance of the U.S., the world’s richest person is from Mexico — telecoms mogul Carlos Slim Helu, who has held the title for four consecutive years. Helu’s fortune comes mostly from telecom network America Movil that he owns, contributing $36.3 billion to his wealth. He also benefited from the stock price surge of his financial arm Grupo Financiero Inbursa and his industrial and retail holding firm Grupo Carso.
The world’s No. 2 richest man is Microsoft’s Bill Gates. His net worth increased $6 billion, mostly coming from diversified investments in private equity and stocks such as hygiene tech firm Ecolab, Mexican TV broadcaster Televisa, and Latin America’s largest beverage company FEMSA. Gates retains 5% ownership of software company Microsoft.
INFOGRAPHIC: Top 10 Richest People in the World
Jumping to the No. 3 spot from last year’s No. 5, Amancio Ortega of the Inditex Group — which markets the Zara apparel line — is the year’s biggest gainer. His net worth increased $19.5 billion, thanks to a nearly 60% stake in the Zara company, which registered a 50% year-on-year increase in sales.
Falling one spot to No. 4 is stocks expert Warren Buffett of Berkshire Hathaway, whose net worth increased $9.5 billion to $53.5 billion.
The year’s biggest loser is Eike Batista of Brazil, whose ranking dropped from No. 7 in 2012 to No. 100 this year. The stock prices of companies he own plummeted severely, bringing down his total net worth from $30 billion to $10.6 billion in just one year.
Filipino billionaire — 68th world’s richest
The Philippines contributed one billionaire to the list of Top 100 Richest People. The Philippines’ richest man, Henry Sy, is ranked 68th on the list, recording a net worth of $13.2 billion. His fortune increased $5 billion due to a surge in the stock price of his holding firm SM Investments, which also benefited from record profits of units SM Prime Holdings, SM Development Corp. and Banco de Oro.
A summary of the Top 100 Richest People in the World is shown below.
Table: Top 100 Richest People in 2013
Article and Photo Credit: Forbes magazine and Bloomberg
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