Financial Times FT.com

Billionaires of India and China outshine US peers

By James Fontanella Khan

Published: November 20 2009 02:00 | Last updated: November 20 2009 02:00

Billionaires in India and China outperformed their US peers this year, according to the Forbes rich list. Their fortunes rose sharply a year on from the global financial crisis, underscoring the rebound of the world's two biggest emerging economies.

In 2009 China's 100 richest have seen their net worth nearly double to $170bn, from $89.4bn last year, and India's top 100 reached $276bn, up more than 50 per cent. The total net worth of the 100 richest Americans fell 18 per cent, though they were still the wealthiest national group with $775bn.

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