Business tycoon Mukesh Ambani has retained his title of being the world’s richest Indian despite an erosion of USD 4.7 billion in his wealth in the past year as he beat 47 billionaires from India in Forbes magazine’s annual list of the world’s richest people.

India’s top ten richest billionaires included Savitri Jindal & family (world rank 80), Sunil Mittal & family (113), Kumar Birla (116) Anil Ambani (118) Dilip Shanghvi (124) Shashi & Ravi Ruia (133) and Kushal Pal Singh (153). The world list has also has nine of Indian-origin living in countries like Indonesia, Ireland, Thailand, UK and the US, taking the total number of billionaires hailing from India to 57.

India’s 48 billionaires have a total networth of a whopping USD 194.6 billion. The list has only two women billionaires from India, both matriarchs of big corporate houses. Jindal group’s Savitri Jindal is ranked 80 in the rich list with a networth of USD 10.9 billion.The 54-year-old Ambani, Chairman of Reliance Industries, with a networth of USD 22.3 billion is ranked 19 in the global rich list.

ArcelorMittal Chairman Lakshmi Mittal comes at the 21st position with a USD 20.7 billion networth. Forbes said Mittal lost USD 10.4 billion in the past year, more than anyone else in the world and dropped out of the top 10 rankings for the first time since 2004. Mittal had ranked sixth in last year’s list when his networth was USD 31.1 billion.

Wipro boss Azim Premji is the third richest Indian in the list. With a networth of USD 15.9 billion, 66-year-old Premji is ranked 41 on the Forbes list. With an USD 8.1 billion networth, Bharti Enterprises chairman Sunil Mittal is ranked 113. Reliance Anil Dhirubhai Ambani Group chairman Anil Ambani comes in at the 118th position in the list, his networth of USD 7.8 billion, only about a third of that of his wealthier elder brother.