The Channel logo

News

By | Kelly Fiveash 6th March 2008 12:24

Bill Gates loses richest man crown

Buffett supplants him as billionaire King

Bill Gates is no longer the richest man on the planet. Investment guru Warren Buffett has knocked him off the number one spot for the first time in over a decade.

Gates has been at the top of the annual Forbes rich list for the past 13 years.

Buffett now has a personal fortune of about $62bn - ahead of Gates' cash pile of $58bn.

Gates was pushed into third place on the preposterously prosperous list because Mexican telecoms mogul Carlos Slim Helú has also jumped ahead of the Microsoft co-founder, with total wealth estimated at $60bn.

Despite his relegation to third place, Gates, who steps down as Redmond head honcho in June, still pulled in an eye-popping $2bn in the past 12 months alone.

Meanwhile, Facebook founder Mark Zuckerberg is the youngest billionaire on the list.

He's already put an estimated $1.5bn into his piggy bank, even though the 23-year-old is yet to poke a profit out of his social networking website.®

comment icon Read 37 comments on this article alert Send corrections

Opinion

Chris Mellor

VC sequence could end not with a bang, but a whimper
Sad man stares glumly over boxed contents of desk. Image via shutterstock (Baranq)

Chris Mellor

All that is storage does not beget gold
Lost

Features

Funnel of cash. Credit: via SXC – http://www.sxc.hu/profile/Leonardini
You see a diversity tickbox nightmare, I see human beings
hands waving dollar bills in the air
AWS and Salesforce match up to Ellison's hardware