Youngest Asian Billionaires

Six Indians, including Ranbaxy Laboratories promoter family’s Malvinder and Shivinder Singh, Suzlon’s Girish Tanti and Indiabulls’ Sameer Gehlaut, have made it to the list of 15 youngest Asian billionaires, compiled by business magazine Forbes.“The country’s millionaires jumped 23 per cent last year.The billionaire count soared to 53 from 36 the previous year,” Forbes said, adding that India has maintained its pace in the money race.India, which boast of a competitive demographic advantage of young population, was represented by six people that are under 40 with a cumulative worth of $8.3 billion.Other Indians on the list include real estate firm Oberoi Constructions’ Vikas Oberoi and online gambling entity PartyGaming’s founder Anurag Dikshit. China dominated the list with as many as eight representations, with a combined wealth of $20 billion. Among Indians, Malvinder and Shivinder Singh command a net worth of $2.5 billion.
In another development, 10 Indian companies led by Bharat Heavy Electricals Ltd (BHEL), Bharti Airtel and HDFC Bank are on the Forbes’ list of 50 of the best of Asia-Pacific’s biggest listed companies, out of a universe of 500.Asian Fab 50 Companies’ ranking is topped by Taiwanese computer maker Acer, while BHEL and Airtel are the top ranked Indian companies occupying the fifth and sixth spots.Though Mukesh Ambani-led RIL has a market value of $77.7 billion, making it the biggest Indian firm, it is ranked 39.India with 10 companies comes second on the list after China which has the maximum representation of 13 firms.Hong Kong has another five, Taiwan six and Australia 7.

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