Reports suggested that in the year 2011, the economic boom to Asia and the price rise all across the globe has caused in increase in a number of billionaires in China, Russia and Brazil.
Sources have suggested that China have almost doubled the figures of the number of billionaires to 115. Meanwhile Russia and Brazil have 101, and 30 respectively. This news has been confirmed by Forbes in its annual list of world’s richest men.
This happened for the first time that a country has emerged with more than 100 billionaires apart from US which has 413 billionaires till date.
Moscow registered 79 billionaires which clearly outstripped New York which has just 58.
"The bottom line is BRICs, commodities and Asia Pacific", Forbes Chief Executive Steve Forbes told a news conference on Wednesday.
The Mexican tycoon Carlos Slim has retained his position for the second time. He has made more money than any of the other 1,209 billionaires last year. Right now he is holding $74 billion funds.
Commodity boom has generated many of the billionaires in Russia. Meanwhile in Brazil, the high commodity prices and a stronger currency has lead to many billionaires. In China and India, which have 55 billionaires are helped by the strong economic growth in wide range of sectors.