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Bill Gates no longer richest man in the world

After 13 years on top, Bill Gates is no longer the richest man in the world, thanks to his unsolicited bid for Yahoo.

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After 13 years on top, Bill Gates is no longer the richest man in the world, thanks to his unsolicited bid for Yahoo.

That honour now belongs to his friend and sometimes bridge partner Warren Buffett, who now tops the Forbes rich list.

Riding on the surging price of Berkshire Hathaway stock, Buffett has seen his fortune swell to an estimated £31bn - up £5bn from a year ago.

Gates is now worth £29bn and is ranked only third richest in the world.

Although Gates is still up £1bn from a year ago, he would have been as rich - or richer - than Buffett, had Microsoft not made an unsolicited bid for Yahoo at the beginning of February, said Forbes.

The bid hit Microsoft's share price and toppled Gates off his top perch as a result.

Mexican telecom mogul Carlos Slim Helú now ranks as the world's second richest person with a net worth of £30bn.

Gates' arch rival Larry Ellison at Oracle is worth a modest £12.5bn and is only 14th in the list.

The top 20 Billionaires in order:

1 Warren Buffett

2 Carlos Slim Helu

3 William Gates III

4 Lakshmi Mittal

5 Mukesh Ambani

6 Anil Ambani

7 Ingvar Kamprad

8 KP Singh

9 Oleg Deripaska

10 Karl Albrecht

11 Li Ka-shing

12 Sheldon Adelson

13 Bernard Arnault

14 Lawrence Ellison

15 Roman Abramovich

16 Theo Albrecht

17 Liliane Bettencourt

18 Alexei Mordashov

19 Prince Alwaleed

20 Mikhail Fridman

Source: Forbes




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