According to a new list released by Forbes magazine - India is home to world’s fourth highest number of billionaires with Reliance Industries chief Mukesh Ambani leading the club of more than 100 super rich Indians.

The Forbes list of the ‘World’s Billionaires’ 2017 consists of 2,043 of the richest people in the world who have a combined net worth of $7.67 trillion, a record 18-per cent increase over the past year.

Microsoft co-founder Bill Gates has been topped is the fourth in a row. He has been the richest person in the world for 18 out of the past 23 years.

Gates has a fortune of $86 billion, up from $75 billion last year, followed by Berkshire Hathaway chief Warren Buffet with a new worth of $75.6 billion.

Amazon's Jeff Bezos moved into the top three in the world for the first time and added $ 27.6 billion to his fortune. 

Forbes said the "oil and gas tycoon" sparked a price war in India's hyper-competitive telecom market with the launch of 4G phone service Jio last September. His younger brother Anil is ranked 745th with a net worth of $ 2.7 billion.

Seventy-eight people fell off the list, including 33 from China, 7 Americans and 9 who are still super wealthy but share their wealth among extended family members and therefore are not eligible for these ranks.

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