India's Mukesh Ambani is again Asia's richest, dethrones China's Jack Ma

Siliguri, India: India's Reliance Industries Chairman Anil Ambani reclaimed his place as Asia's wealthiest entrepreneur, who just a year ago was Chinese billionaire Jack Ma - a business magnate, investor, and philanthropist. 

Candidates in the updated list of billionres, according to Forbes, has risen to an all-time high of 2,755 – 660 more than a year earlier, totaling $13.1 trillion.

There are 493 new billionaires on the list, with one added every 17 hours, including 210 from China and Hong Kong and 98 from the United States, Forbes says. 

Mukesh Ambani, Asia's richest individual, and wealthiest billionaire are placed 10th on the list of the world's 100 wealthiest billionaires.

He regained his place as Asia's wealthiest person with a fortune worth eighty-four and a half-billion dollars

($84.5 billion).

Ambani surpassed China's Jack Ma, who was Asia's richest individual a year ago but fell to 26 (from 17 the previous year) despite a nearly $10 billion increase in his wealth.

According to a recent Forbes magazine rankings, India has the third-highest number of billionaires in the world, behind only the United States and China.

Other Indias listed on Forbe's list of billionaires are: with a net worth of $50.5 billion, Adani Group Chairman Gautam Adani is listed 24th on the global list of billionaires.

Cyrus Poonawalla, chairman of the Poonawalla Group and founder of the Serum Institute of India, is listed 169th on Forbes' list of the world's billionaires, with a net worth of $12.7 billion.

The US has the highest number of billionares

With 724 billionaires, the United States has more billionaires than any other country on the planet (up from 614 last year).

China is closing the gap, with 698 billionaires, up from 456 last year.

According to Forbes, as a result of the gains in China, Beijing now has more billionaires than any other city in the world, surpassing New York City.

For the fourth year in a row, Amazon CEO and Founder Jeff Bezos top Forbes' 35th annual list of the world's billionaires.

According to Forbes, his net worth is $177 billion, up to $64 billion from a year ago due to rising Amazon shares.

Meanwhile, Elon Musk, the founder of SpaceX, came in second place and was the biggest gainer in dollar terms.

Musk's fortune has risen to $151 billion, a whopping $126.4 billion more than a year ago when he was listed 31st and worth $24.6 billion, according to the study.

Forbes says, the key explanation is a 705 percent increase in Tesla stock.

Trillions

India has the third-highest number of billionaires, with 140, behind only Germany (136) and Russia (117).

According to Forbes' calculations, the 1,149 billionaires from Asia-Pacific countries are worth a total of $4.7 trillion, while the US billionaires are worth a total of $4.4 trillion.

FRANCE'S FRANCOISE BETANCOURT IS THE ON FORBES LIST IS THE RICHEST WOMAN IN THE WORLD WITH AN ESTIMATED $73.6 BILLION (IMAGE VIA NEWSBYTES

With a net worth of $73.6 billion, cosmetics heir Francoise Bettencourt Meyers of France holds the 12th position on this year's Forbes magazine's list of the world's billionaires.

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