To rank among the five richest people on earth, you would have to amass a wealth of more than $50 billion. Because of the ups and downs of global stock prices, the names on that exclusive list and the precise figures for their net worth are always in flux. How many of the world’s five richest people currently hail from emerging market countries?
A. 0 B. 1 C. 2 D. 3
D. 3 is correct. Three of the five richest people on earth are from emerging market economies. Indian businessman Mukesh Ambani's fortune rapidly rose from $20.1 billion in March 2007 to $63.2 billion in October 2007, thanks to India's booming stock market.
Mexico's Carlos Slim, with a fortune of $62.3 billion, ties Bill Gates, the chairman of
Rounding out the top five is another Indian, Lakshmi Mittal, the owner of the world's largest steel company, who is worth $50.9 billion.
As of October 2007, there are two Americans among the five richest people. Gates, who ties for second place, has a fortune of $62.3 billion. Investor Warren Buffet, founder of
The Globalist Quiz is produced by The Globalist, a Washington-based research organization that promotes awareness of world affairs. © 2007 The Globalist, theglobalist.com.
