Business

Gates misses top spot in Forbes' richest

Staff Reporter

Mexico telecoms czar Carlos Slim has topped the Forbes annual world's richest list, sporting a $69-billion fortune that outpaced Bill Gates.

Mexico telecoms czar Carlos Slim topped the Forbes annual world’s richest list on Wednesday, sporting a $69-billion fortune that, while down from last year, still outpaced the runner-up, Microsoft founder Bill Gates.

Forbes said 1 226 tycoons made it onto its global list of billionaires this year but Slim held onto the top spot for the third straight year with $7-billion more than Gates.

In the third spot was US investment guru Warren Buffet, worth $44-billion; followed by France’s luxury king Bernard Arnault with $41-billion and a newcomer to the top five; and Spain’s Amancio Ortega, whose net worth surged by $6.5-billion despite his country’s financial straits to hit $37.5-billion.

“In a year of churn and burn, 128-billionaires are new to the list ... while 117 dropped off,” said Forbes.

“A record 1 226 billionaires [up from 1 210 in 2011] made the list, with an average net worth of $3.7-billion,” the same as last year.

Below are the top 10:

  • Carlos Slim (72) and family, Mexico, $69-billion

  • Bill Gates (56) United States, $61-billion

  • Warren Buffett (81) United States, $44-billion

  • Bernard Arnault (63) France, $41-billion

  • Amancio Ortega (75) Spain, $37.5-billion

  • Larry Ellison (67) United States, $36-billion

  • Eike Batista (55) Brazil, $30-billion

  • Stefan Persson (64) Sweden, $26-billion

  • Li Ka-shing (83) Hong Kong, $25.5-billion

  • Karl Albrecht (92) Germany, $25.4-billion

  • For a full list click here.—Sapa, AFP, Reuters

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