Carlos Slim tops Forbes rich list (again): Top five emerging market billionaires

Carlos Slim retained the top spot on the Forbes rich list for the second year in a row. Of the 11 richest men in the world, here are the top five who come from emerging economies in Latin America and Asia.

By , Staff writer

2. Lakshmi Mittal, $31 billion

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    Lakshmi Mittal.
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Worth $31 billion, Lakshmi Mittal is India's richest man, Europe's richest resident, and the sixth richest person in the world. He was the world's fifth-richest man last year, but has been bumped back by the rise of Frenchman Bernard Arnault (now ranked 4th, up from 7th last year) and American Larry Ellison (now ranked 5th, up from 6th last year).

Mr. Mittal serves as chairman of ArcelorMittal ADS, the world's largest steel-maker, whose net profits rose 20 percent over 2010 to $78 billion, according to Forbes. He lives in London.

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