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ImageAnil Ambani

The first Indian on the list with interests in telecom industry is RCom head Anil Ambani. Ironically, the biggest gainer on the last year's list, happens to be the biggest loser this year. With over $32 billion wiped out over the last 12 months, Anil ranks at 34ths position this year, with an estimated net worth of $10.1 billion. A big fall from last year's no. 6th ranking.

The last year saw the shares of ADAG group's leading companies Reliance Communications, Reliance Power and Reliance Capital fall by as much as over 58%.

In 2008, Anil also topped the list of 'Billionaire Blowups of 2008' for losing biggest amount of wealth in less than a year after being termed as the biggest gainer a year before.

Anil's plans to merge his Reliance Communications with South Africa's MTN were scuttled last July after brother Mukesh threatened to sue, claiming he had right of first refusal. Reliance Power bagged 3 mega power projects for a combined 14,000 MW last year.

Married to a Bollywood actress Tina, Anil has Hollywood ambitions. His Reliance Entertainment is investing $500 million in a new studio venture with Steven Spielberg's DreamWorks. He has signed several A-list actors like George Clooney, Jim Carrey and Julia Roberts to co-produce films.

A bachelor of Arts/Science graduate from University of Bombay, he later did MBA from the university of Pennsylvania, Wharton School.