News

Bill Gates is again world’s richest man

Bill Gates is again world’s richest man

ROLLING IN THE DOUGH: Need a loan? Bill Gates might be able to help you out. Photo: Reuters

By Jonathan Stempel

(Reuters) – Bill Gates has returned to the top of Forbes magazine’s annual list of the world’s richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.

With a net worth of $76 billion, the Microsoft Corp co-founder reclaimed the top spot after a four-year hiatus, toppling Mexico’s telecommunications mogul Carlos Slim Helu, who placed second at $72 billion, Forbes said in announcing the list on Monday.

Amancio Ortega, the Spanish founder of clothing conglomerate Inditex SA, which includes the Zara fashion chain, ranked third at $64 billion.

Investing icon Warren Buffett, who runs Berkshire Hathaway Inc and is a frequent bridge partner for Gates, was fourth at $58.2 billion. Oracle Corp chief Larry Ellison came in fifth at $48 billion.

Gates has topped the list in 15 of the last 20 years.

A record 1,645 billionaires with a total net worth of $6.4 trillion made Forbes’ list, up from 1,426 last year.

Just over 10 percent were female, with 172 women compared with 138 a year earlier.

Wal-Mart Stores Inc heiress Christy Walton was the highest-ranking woman, in ninth place, at $36.7 billion. France’s Liliane Bettencourt, who got much of her wealth from cosmetics company L’Oreal SA, was next among women at $34.5 billion, and ranked 11th overall.

The Internet was well-represented. Google Inc founders Larry Page and Sergey Brin ranked 17th and 19th, worth a respective $32.3 billion and $31.8 billion, while Amazon.com Inc’s Jeff Bezos was between them at $32 billion.

Facebook Inc founder Mark Zuckerberg, 29, more than doubled his net worth to $28.5 billion, and ranked 21st.

Former New York City Mayor Michael Bloomberg, who left office two months ago, was 16th at $33 billion, built mainly through his eponymous media company.

Forbes said the year’s biggest loser was Brazilian tycoon Eike Batista, whose net worth fell below $300 million from $10.6 billion as his oil and natural resources empire collapsed amid too much debt and falling output.

Roughly two-thirds of the world’s billionaires, or 1,080, were self-made. The United States had the most billionaires, with 492, followed by China at 152 and Russia at 111. Algeria, Lithuania, Tanzania and Uganda joined the list with one each.

(Reporting by Jonathan Stempel in New York; Editing by Barbara Goldberg and Jan Paschal)

Latest Headlines

in Local

LePage Seeks to Curb AG’s Ability to Spend Settlement Funds

governorlepage

Republican Gov. Paul LePage says he's introducing a bill to limit the powers of the attorney general when it comes to spending settlement money.

in Local

After Massive Pileup, Maine Weighs Repealing Seat Belt Law

GENERIC LAW BOOKS LARGE

An effort to allow adults in Maine to opt out of wearing seat belts is being met with staunch opposition from law enforcement officials, trauma surgeons and others.

in Local

Jury Hears Tape of Defendant in Social Media Killing Trial

GENERIC COURT LARGE

A Maine jury is listening to the tape of a detective interviewing a 21-year-old man who is accused of using Facebook to lure, kidnap and kill a teenager

in Local

Portland, Maine BMV Office Closed Due to Water Main Break

GENERIC WATER METERS LARGE

The Bureau of Motor Vehicles office in Portland, Maine is closed due to a water main break.

in Local

Scientists Cite Dramatic Sea Level Rise Off Portland, Maine

GENERIC OCEAN LARGE

Researchers say sea levels off of Portland, Maine, rose an ``unprecedented'' 5 inches during 2009 and 2010.

Tweets

  • 2h
  • 2h
  • 3h
  • 7h
  • 7h
  • 7h
  • 7h