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Russian billionaires flood Forbes' rich list 0:33

There are more billionaires in Russia than anywhere else in Europe, according to Forbes. The business magazine has just published its annual list of the world's billionnaires. The list has almost a thousand names, sixty-two of which are Russians. The top man here is Vladimir Lisin - the steel producer is worth almost 16 billion dollars. He leapfrogged last year's winner - businessman Mikhail Prokhorov and Chelsea football club owner Roman Abramovich. Outside Russia it's Mexican telecom giant Carlos Slim who comes top in the world with a 53 point 5 billion dollar fortune.

CNBC WHAT'S HOT: FORBES RICH LIST 5:22

The annual forbes india rich list is out. Mukesh Ambani has topped the India list once again... While Lakshmi Mittal, Anil Ambani and Wipro's Azim Premji make up the top 4... While telecom czar Sunil Mittal drops four place to number 8..

4 Indians on Forbes top 10 rich list 1:49

4 Indians on Forbes top 10 rich list

Forbes rich list latest 2010 1:45

Watch latest Forbes rich full list 2010 at : forbes-rich-list.notlong.com

Emma Watson On Forbes Under 25 Rich List! 2:03

Emma Watson is RICH RICH RICH!

Piers Schmidt - SA Luxury Association - Forbes Rich list 5:13

(www.abndigital.com) The latest Forbes Rich list came out this week and was immediately billed as a sign that the global economy is recovering. But it may also indicate a shift in the balance of power between established and emerging economies. With Mexican telecom tycoon Carlos Slim announced as Forbe's richest man in the world.Earlier this morning Lerato Mbele spoke to Piers Schmidt, Chairman of South Africa's Luxury Association about this list. He started by explaining who Carlos Slim is.