Anil Ambani, Biggest loser of 2008

Indian businessman Anil Ambani, the biggest gainer on last year's list, was the biggest loser this time, with $32 billion wiped out over the last 12 months. Ranked sixth last year, he fell to 34 with an estimated wealth of $10.1 billion. As Bombay's stock market swooned, losing half of its value in the past 12 months.
Microsoft Corp founder Bill Gates is the richest man again, overtaking investor Warren Buffett, as the global financial meltdown wiped out $2 trillion from the net worth of the world's billionaires, Forbes Magazine said on Wednesday. In the global list, Mukesh Ambani is ranked seventh (down from fifth last year) and Mittal is at eighth position (fourth in 2008). The number of billionaires in the world fell by nearly a third to 793 in the past year, with large numbers dropping off the list in Russia, India and Turkey. Gates regained his title as the richest man in the world, with $40 billion after slipping to third last year when he was worth $58 billion.
Buffett, last year's richest man, fell to second place with $37 billion, down from $62 billion. Mexican telecommunications tycoon Carlos Slim took third place with $35 billion, down from $60 billion. Collectively, the top three billionaires lost $68 billion in the year to February 13, when Forbes took a snapshot of wealth around the world to compile its annual list of billionaires. Chief executive of Forbes Magazines Steve Forbes said that, while few would shed a tear for the plight of a billionaire, it was bad for the economy when entrepreneurs were in trouble.
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