login || register

• Home
• News
• Blogs
• Reviews
• Masterclass
• Forums
• Subscribe
• Spotlights
• Shopping

• Latest news
• Latest Business news
• Newsletters
• News widget
• RSS feeds
• Search news

Microsoft co-founder Bill Gates is no longer the world's richest man according to the annual Forbes magazine list, but it's not like he's going to have to go crawling back for his old job either.

Mexican telecom tycoon Carlo Slim Helu beat Gates, last year's top billionaire, with a fortune worth $53.5 billion. Slim's rise this past year was fuelled by growth in mobile telecom giant America Movil, which saw a 35 per cent share price increase over the past year. Slim owns a $23 billion stake in the company, according to Forbes.

Gates, who has refocused his career on charitable endeavours, is now worth $53 billion. While he slipped a notch on the Forbes list, his fortune actually rose by $13 billion on the strength of a climbing Microsoft stock price.

Investor Warren Buffett came in behind Gates at $47 billion. Buffett beat Gates for the top spot in 2008, breaking a 13-year streak for Gates.

Also on the list: Oracle founder and recent America's Cup sailing champ Larry Ellison, whose fortune is worth $28 billion.

Email A Friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Permalink This Article

This articles permalink is:
http://www.macworld.co.uk/business/news/index.cfm?RSS&NewsID=3214925

Disclaimer
Opinions expressed here are those of the writers and do not reflect those of Macworld. Macworld accepts no responsibility legal or otherwise for their accuracy of content.
Click here to read the house rules.

Click here for the latest reader comments

Mac Broadband?

Compare 20+ Mac
mobile broadband packages
or enter your postcode below:

Postcode Powered by