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Tuesday, January 29, 2008

Mittal, Ambanis among world`s wealthiest CEOs: Forbes

Steel tycoon Lakshmi Mittal along with Ambani brothers -- Mukesh and Anil, are among the 10 wealthiest CEOs in the world, according to American magazine Forbes.

Out of the world's 10 wealthiest CEOs, four positions have been grabbed by Indians -- Lakshmi Mittal is ranked at the second place followed by Mukesh Ambani (6th place), Anil Ambani (7th) and Wipro chief Azim Premji (9th).

The list has been topped by Warren Buffet, the Chief Executive of Berkshire Hathaway with a fortune of USD 52 billion.

Arcelor Mittal chief Lakshmi Mittal has a net worth of USD 32 billion, while Mukesh Ambani and Anil Ambani have fortunes worth USD 20.1 billion and USD 18.2 billion, respectively.

Chief of IT bellweather Wipro Azim Premji has a net worth of USD 17.1 billion.

However, these net worth figures are not current and have been taken from a list prepared almost a year back for Indian businessmen and from a September list for those from the US.

Forbes said that the list of wealthiest CEOs was prepared after perusing the ranks of the Forbes 400 list of the richest Americans from September and its annual billionaires' list from last March.

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Economic Event Calendar

GMT+5:30 Event Vol. Actual Consensus Previous
Wednesday, Apr 16
21:30 Fed's Hammack speech 2
22:30 20-Year Bond Auction 1 4.810% 4.632%
23:00 Fed's Chair Powell speech 3
Thursday, Apr 17
01:30 Net Long-Term TIC Flows 1 $112.0B $35.2B $-42.2B Revised from $-45.2B
01:30 Total Net TIC Flows 1 $284.7B $-46.6B Revised from $-48.8B
04:15 Consumer Price Index (YoY) 3 2.3% 2.2%
04:15 Consumer Price Index (QoQ) 3 0.7% 0.5%
04:30 Fed's Schmid speech 2
07:00 National Australia Bank's Business Confidence (QoQ) 2 -4
07:00 Participation Rate 2 67.0% 66.8%
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