Carlos Slim tops Forbes' rich list, BRIC billionaires emerge

Reuters News
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Posted: Mar 21, 2011 9:33 AM
Carlos Slim tops Forbes' rich list, BRIC billionaires emerge

NEW YORK (Reuters) - Rising steel and oil prices in Russia, more honest disclosure in Brazil and booming economies in China and India has fueled a spike in billionaires in the so-called BRIC countries.

Moscow, long seen as a capital of bling, is now home to the most billionaires with 79, followed by New York with 58, Forbes said in its annual list of the world's richest people.

The world's richest man, Mexican tycoon Carlos Slim, retained his crown for the second year in a row and made more money than any of the other 1,209 billionaires in the past year -- $20.5 billion -- taking his fortune to $74 billion.

The magazine said China nearly doubled its number of billionaires to 115, while Russia and Brazil posted a two-third jump to 101 and 30 respectively. It is the first time countries outside the United States have produced over 100 billionaires.