The Richest

An 'India Rising' moment, if there ever was one.

In the the news, Mukesh Ambani edges out Carlos Slim and Bill Gates to become the world's richest man. This comes as a result of the extended price rally in the Indian stock market, with the index touching 20,000 today.

The five richest, with their net worth

1. Mukesh Ambani ($63.2 billion)

2. Carlos Slim Helu ($62.2993 billion)

3. William (Bill) Gates ($62.29 billion)

4. Warren Buffett ($55.9 billion)

5. Lakshmi Mittal ($50.9 billion)

Also, the Ambanis are now the wealthiest family, well above the legendary Walton family (Wal*Mart)

It will be interesting to see how long Ambani stays at the top. A correction in share prices is now overdue, and is just waiting for the right trigger... a political crisis, perhaps? Maybe a fall in oil prices..