8. Stefan Persson

Net worth: $26 Billion

Date of Birth: 4 October 1947

Country of Citizenship: Sweden

Fascinating facts: Stefan Persson is the chairman of H & M, a Swedish multinational retail-clothing company, established by his father in 1947. H&M is spread across 43 countries and as of 2011 it employed around 94,000 people. It had 2,325 stores at end of 2011and then it grew into 2,629 numbers of stores by end of August 2012.

7. Eike Batista

Net worth: $30 Billion

Date of Birth: 3 November 1956

Country of Citizenship: Brazil

Fascinating facts: Eike Batista, a mining and exploration magnate, is known for having extraordinary business acumen from a tender age. Batista become a millionaire in his twenties and is often named in the list of 100 most influential people in Brazil. Batista is a multilingual and he fluently speaks in Portuguese, German, English, French and Spanish languages.

Most memorable quote: "I think big, and I'm not afraid to take risks."

Best tip on wealth: "Don't think you are unstoppable or foolproof. Don't think that the only way your business will work is through perfection. Don't aim for perfection. Aim for success."