Ambanis up, Mittal slips on Forbes' richest CEO list
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Ambanis up, Mittal slips on Forbes' richest CEO list

By SiliconIndia   |   Friday, 06 February 2009, 07:43 Hrs   |    4 Comments
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Ambanis up, Mittal slips on Forbes' richest CEO list
New York: In spite of losing $13 billion in their combined wealth, the Indian business giants Mukesh Ambani and Anil Ambani improved their positions on the Forbes' latest list of ten richest CEOs in the world. As per the new list, Mukesh is ranked third and Anil has made it to the sixth position, while Indian steel tycoon Lakshmi Mittal fell into the fourth place from the second position of the last year.

Legendary American investor Warren Buffett is still remaining as the world's richest CEO, while Larry Ellison, Chief of Oracle, ranked second.

Though the total number of Indian CEOs' in the list remained the same at four, Wipro Chairman Azim Premji who was placed at nine in the previous list, has been got out from the new list. Meanwhile, Sunil Mittal of Bharti Airtel has obtained the ninth position in the latest list.

"Being a CEO is not what it used to be. Crackdowns on corporate frills like private jets and -over the-top offices have become the norm, taking some of the fun, but none of the stress out of running billion-dollar businesses," Forbes said.
Forbes also noted, "While some chief executives' jobs may be in peril, these 10 have stuck it out long enough to partake in what's left of the global economy. These have made our annual list of the world's wealthiest CEOs."

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Reader's comments(4)
1: Congragulations to Mr.Ambani.had both Mukesh anh Anil Ambani been together as one,they would have been the first.
Posted by:leena thakur - 05 Feb, 2009
2: Ambani is richest ,so should we be happy about it.I am not becuse it is there personel wealth that is increasing.What about those thousands of people who hve been forced to resign from relance retail without giving adequate compensation.yesterday SC has given ruling that lay offs should be given 12 mths salary so that commaan man is not hit. but is Ambani going to honour that?I will call him richest if he honours this court verdict and not claim that his employees are going for VRS and it is not lay off.
Posted by:madhulika - 04 Feb, 2009
3: That was indeed a test of a true caliber for the Big names around the world and by being there they stamped the "hence proved" to be deserving to be there.

It is not just being at the top (honestly, as that may vary) but it is important to be in the race and be consistent and that it important.
Posted by:Harve - 04 Feb, 2009
4: Anil ambani had lost a huge fortune still he is on of the richest.. that's called a true businessman..
Posted by:manish - 04 Feb, 2009