It is raining billionaires in India, despite the fact that a major chunk of the country's huge population still grapples with poverty. India now has a record number of 55 billionaires, according to the Forbes2011 world billionaires' list. India stands third after the United States and China in the number of billionaires.The combined wealth of India's 55 richest is $246.5 billion, much higher than last year's total of $222.1 billion. It is also more than the combined GDPs of Pakistan and Sri Lanka!
For the first time in the Forbes list, there are more billionaires from the BRIC nations -- Brazil, Russia, India and China -- than from Europe. These nations together accounted for half of the world's 214 new billionaires, from 97 billionaires last year.
Eight Indians have dropped out of the list, including Shahid Balwa and Vinod Goenka, co-founders of DB Realty, linked in the 2G spectrum telecom scandal.India has seven billionaires among the top 100 richest people in the world. There are 1,210 billionaires, in the Forbes' list with a combined wealth of $4.5 trillion, up from $3.6 trillion a year ago.
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