Chinese and Russians Rule World Billionaires List

The number of Chinese and Russian billionaires sharply rose to far exceed Japan’s figure in the 2011 list of the world’s richest people released by the Forbes magazine Wednesday.

According to the prestigious U.S. economic magazine, the number of people who held assets worth at least one billion dollars totaled a record 1,210 as of Feb. 24 thanks to the global economy’s recovery.

Of the total, Chinese and Russians accounted for 115 and 101, respectively, while Japanese made up 26.

This was the first time that the number of billionaires topped 100 outside the United States, according to the magazine.

Among the Japanese, Softbank Corp. <9984> President Masayoshi Son was the richest, ranking 113th overall with an estimated net worth of 8.1 billion dollars. Son grabbed the No. 1 Japanese position from Fast Retailing Co. <9983> Chairman and President Tadashi Yanai and his family.  – Jiji Press

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