Recommended Newsletters

Reuters U.S. Top News
A quick-fix on the day's news published with Reuters videos and award-winning news photography and delivered at your choice of one of four times during the day.
Reuters Deals Today
The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.
Reuters Technology Report
Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents.
U.S. Army Captain Michael Kelvington, commander of the Battle company, 1-508 Parachute Infantry battalion, 4th Brigade Combat Team, 82nd Airborne Division, bows next to remains of Gulam Dostager, a member of Afghan Local Police who was killed in the blast of an Improvised Explosive Device (IED) during the joint Tor Janda (Black Flag in Pashtu) operation, in Zahri district of Kandahar province, southern Afghanistan May 25, 2012.  REUTERS/Shamil Zhumatov  (AFGHANISTAN - Tags: MILITARY CIVIL UNREST CONFLICT TPX IMAGES OF THE DAY)

Reuters Photojournalism

Our day's top images, in-depth photo essays and offbeat slices of life. See the best of Reuters photography.  See more | Photo caption 

Members of the U.S. Navy Blue Angels fly over the World Trade Center in lower Manhattan as part of the 25th annual Fleet Week celebration in New York, May 23, 2012.  REUTERS/Eduardo Munoz (UNITED STATES - Tags: MILITARY ANNIVERSARY TPX IMAGES OF THE DAY)

Fleet Week

The U.S. Navy takes Manhattan for a week.  Slideshow 

Photo

The SpaceX mission

A privately owned unmanned rocket blasts off on a mission to be the first commercial flight to the International Space Station.  Slideshow 

World's mega-rich adding wealth, Carlos Slim No. 1

Related Topics

Related Video

1 of 9. 1: Carlos Slim Helu of Mexico has knocked Bill Gates out of the top spot on the latest Forbes list of the World's Richest People. Helu has a net worth of $53.5 billion.

Credit: Reuters/Kevin Lamarque

NEW YORK | Wed Mar 10, 2010 6:49pm EST

NEW YORK (Reuters) - Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday.

It is only the second time since 1995 that Gates has lost the crown, the magazine said, estimating Slim's net worth at $53.5 billion, compared to Gates's $53 billion fortune, while investor Warren Buffett came in at No. 3 with $47 billion.

The trio regained $41.5 billion of the $68 billion they had lost the previous year, Forbes said.

The number of billionaires around the world has nearly recovered in 2010 after dropping by a third last year during the global financial crisis. There are now 1,011 billionaires, compared with 793 last year and 1,125 in 2008.

The net wealth of those billionaires grew to $3.6 trillion from $2.4 trillion last year, but is still down from 2008's $4.4 trillion, according to the 24th annual Forbes list, which took a snapshot of wealth on February 12 to compile its ranking.

The average billionaire is now worth $3.5 billion, up $500 million from last year. And the number of women on the list rose to 89 from 72 last year.

"The global economy is recovering and it's reflected in what you see in the list this year," Steve Forbes, chief executive of Forbes, told a news conference. "Financial markets have also made an even more impressive comeback from the lows of just about a year ago, particularly in emerging markets."

"Asia is leading the comeback," Forbes said.

The number of billionaires in the Asia-Pacific region grew by 80 percent to 234 and their net worth almost doubled to $729 billion, which the Forbes ranking attributed to the area's "swelling stock markets and several large public offerings during the past year."

Two Indians round out the top five richest people in the world -- Mukesh Ambani, with a petrochemicals, oil and gas fortune of $29 billion, and steel magnate Lakshmi Mittal, who is valued at $28.7 billion.

The biggest gainer on the list was Brazilian mining magnate Eike Batista, 53, with $27 billion, up from $7.5 billion. He made his riches through the initial public offerings of several companies. He is planning to take his shipbuilding and oil services firm OSX public next week in an expected $5.6 billion offering, which would be Brazil's second biggest ever IPO.

UNITED STATES, EUROPE LAGGING

Of the 97 billionaires making their debut on the Forbes list, 62 are from Asia, while for the first time China is now home to the most billionaires outside of the United States.

"The United States still dominates, but the United States is lagging," Forbes said. "It is not doing as well as the rest of the world in coming back."

"The global boom that we experienced from the early 80s ... which was temporarily derailed in 2007, now looks like it is beginning to get back on track. But Asia and a handful of others are surging, relatively the United States and Western Europe are lagging."

The top homes to billionaires are New York with 60 and Moscow with 50, followed by London with 32.

There are 55 countries represented on the Forbes list with billionaires from Pakistan -- clothing exporter Mian Muhammad Mansha -- and Finland -- manufacturing mogul Antti Herlin -- making an appearance for the first time, while Turkey, Russia and India regained billionaire numbers lost last year.

There were 164 billionaires returning to the list in 2010, including Facebook founder Mark Zuckerberg, who is also the world's youngest with a $4 billion fortune at the age of 25.

The second-youngest self-made billionaire is Japan's Yoshikazu Tanaka, 33, who made $1.4 billion from social networking firm Gree. The oldest is 99-year-old Walter Haefner from Switzerland who has $3.3 billion.

The sixth-richest man is Oracle Corp Chief Executive Larry Ellison with $28 billion. At No. 7 is the richest man in Europe, Bernard Arnault, CEO of luxury goods group LVMH, who has a fortune of $27.5 billion.

"The bling is back," said Forbes Senior Editor Luisa Kroll of Arnault's wealth.

Rounding out the top 10 is Spanish clothing retailer Inditex founder Amancio Ortega with $25 billion and German supermarket king Karl Albrecht, who is valued at $23.5 billion.

While Gates's and Buffett's fortunes far exceed most others in the top 10, Forbes Senior Editor Matthew Miller said their fortunes would be far greater if they hadn't given away a lot of their money.

"They would be far richer today if it wasn't for their tremendous philanthropy," he said. "Buffett would be worth at least $55 billion ... and Gates' net worth would exceed $80 billion had it not been for his philanthropy."

The Forbes ranking of the world's billionaires can be seen at www.forbes.com/billionaires.

(Additional reporting by Elzio Barreto; Editing by Mark Egan and Eric Walsh)

Related Quotes and News

Company
Price
Related News
We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/
Comments (22)
BTUBill wrote:
Bill Gates owns so much Microsoft stock that you give him 10% or so right off the top of every Microsoft product you purchase.

Likewise for the thousand or so other billionaires in the world today.

I don’t know why our society holds these men up like some kind of paragons of virtue. They got rich by paying slave wages to hard working people, and they get richer every day by ripping off hard working people with every purchase they make.

Mar 10, 2010 6:33pm EST  --  Report as abuse
JJWest wrote:
Gates philantropy??? ha, ha, ha, sure — that’s like him never being sued for swiping other peoples software. Let’s see, if we take his net worth of $53B minus the value of the software that he’s been sued in court all over the world on …. oh wow, he’s worth nothing!

Mar 10, 2010 6:51pm EST  --  Report as abuse
STORY-BURN wrote:
These guys make me sick!

Mar 10, 2010 7:41pm EST  --  Report as abuse
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.