Business News

Nirav Modi out of Forbes’ billionaires list, Jeff Bezos is first to cross net worth of $100 billion

India has 119 names in the 2018 list, 18 more than last year.

Businessman Nirav Modi is no longer a part of the Forbes’ list of billionaires. The diamond trader, who has been accused of a massive banking fraud in India, was part of the list in 2017 with a net worth of $1.8 billion (Rs 11,695 crore).

Amazon founder and chief Jeff Bezos topped the 2018 list, becoming the first person to clock a fortune of more than $100 billion, AP reported. He has a net worth of $112 billion (Rs 7.28 lakh crore).

India has 119 names in the list of billionaires, which Forbes released on Tuesday. The richest Indian, Reliance Industries Chairman Mukesh Ambani, has the 19th spot in the list, with a net worth of $40.1 billion (Rs 2.6 lakh crore), and is followed by Azim Premji at rank 58. Lakshmi Mittal, Shiv Nadar and Dilip Shanghvi are the others among the top five Indians in the list, the magazine said. India had 101 billionaires in the 2017 list.

The latest list has a record 2,208 billionaires, with a combined net worth of $9.1 trillion (Rs 591 lakh crore). “The superrich continue to get richer, widening the gap between them and everyone else,” Forbes assistant managing editors Luisa Kroll and Kerry Dolan said.

The net worth of the billionaires in the list is based on data from February 9, Forbes said.

United States President Donald Trump’s net worth is $3.1 billion, $400 million lower than in the 2017 list, as he fell from rank 544 to 766. Microsoft co-founder Bill Gates, who has topped the list for 18 of the last 24 years, took the second place after Bezos, with a net worth of $90 billion.

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Following a mountaineer as he reaches the summit of Mount Everest

Accounts from Vikas Dimri’s second attempt reveal the immense fortitude and strength needed to summit the Everest.

Vikas Dimri made a huge attempt last year to climb the Mount Everest. Fate had other plans. Thwarted by unfavourable weather at the last minute, he came so close and yet not close enough to say he was at the top. But that did not deter him. Vikas is back on the Everest trail now, and this time he’s sharing his experiences at every leg of the journey.

The Everest journey began from the Lukla airport, known for its dicey landing conditions. It reminded him of the failed expedition, but he still moved on to Namche Bazaar - the staging point for Everest expeditions - with a positive mind. Vikas let the wisdom of the mountains guide him as he battled doubt and memories of the previous expedition. In his words, the Everest taught him that, “To conquer our personal Everest, we need to drop all our unnecessary baggage, be it physical or mental or even emotional”.

Vikas used a ‘descent for ascent’ approach to acclimatise. In this approach, mountaineers gain altitude during the day, but descend to catch some sleep. Acclimatising to such high altitudes is crucial as the lack of adequate oxygen can cause dizziness, nausea, headache and even muscle death. As Vikas prepared to scale the riskiest part of the climb - the unstable and continuously melting Khumbhu ice fall - he pondered over his journey so far.

His brother’s diagnosis of a heart condition in his youth was a wakeup call for the rather sedentary Vikas, and that is when he started focusing on his health more. For the first time in his life, he began to appreciate the power of nutrition and experimented with different diets and supplements for their health benefits. His quest for better health also motivated him to take up hiking, marathon running, squash and, eventually, a summit of the Everest.

Back in the Himalayas, after a string of sleepless nights, Vikas and his team ascended to Camp 2 (6,500m) as planned, and then descended to Base Camp for the basic luxuries - hot shower, hot lunch and essential supplements. Back up at Camp 2, the weather played spoiler again as a jet stream - a fast-flowing, narrow air current - moved right over the mountain. Wisdom from the mountains helped Vikas maintain perspective as they were required to descend 15km to Pheriche Valley. He accepted that “strength lies not merely in chasing the big dream, but also in...accepting that things could go wrong.”

At Camp 4 (8,000m), famously known as the death zone, Vikas caught a clear glimpse of the summit – his dream standing rather tall in front of him.

It was the 18th of May 2018 and Vikas finally reached the top. The top of his Everest…the top of Mount Everest!

Watch the video below to see actual moments from Vikas’ climb.

Play

Vikas credits his strength to dedication, exercise and a healthy diet. He credits dietary supplements for helping him sustain himself in the inhuman conditions on Mount Everest. On heights like these where the oxygen supply drops to 1/3rd the levels on the ground, the body requires 3 times the regular blood volume to pump the requisite amount of oxygen. He, thus, doesn’t embark on an expedition without double checking his supplements and uses Livogen as an aid to maintain adequate amounts of iron in his blood.

Livogen is proud to have supported Vikas Dimri on his ambitious quest and salutes his spirit. To read more about the benefits of iron, see here. To read Vikas Dimri’s account of his expedition, click here.

This article was produced by the Scroll marketing team on behalf of Livogen and not by the Scroll editorial team.