Bill Gates loses richest man crown
Print storyBuffett supplants him as billionaire King
Posted in IT Channel, 6th March 2008 12:24 GMT
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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.®
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