Investor Warren Buffett was third with $47 billion, up form $37 billion.
(meta data) TITLE: Bill Gates No Longer World's Richest Man (meta data) AUTHOR: Matthew Miller and Luisa Kroll (meta data) PUBLISHER: https://www.facebook.com/forbes All Billionaires World's Billionaires Forbes 400 America's Richest Self-Made Women China's Richest India's Richest Indonesia's Richest Korea's Richest Thailand's Richest Japan's Richest Australia's Richest Taiwan's Richest Singapore's Richest Philippines' Richest Hong Kong's Richest Malaysia's Richest Money & Politics 2020 Money All Innovation AI & Big Data Amazon Web Services BrandVoice Cloud 100 2018 Consumer Tech Enterprise & Cloud Green Tech Oracle BrandVoice SAP BrandVoice ServiceNow BrandVoice Sharing Economy Social Media T-Mobile for Business BrandVoice Venture Capital All Leadership CMO Network Deloitte BrandVoice Diversity & Inclusion Leadership Strategy Small Business Under 30 Workday BrandVoice All Money Banking & Insurance Crypto & Blockchain ETFs & Mutual Funds Hedge Funds & Private Equity Impact Partners BrandVoice Personal Finance U.S. Bank BrandVoice Wealth Management All Consumer Food & Drink Hollywood & Entertainment Real Estate All Industry Aerospace & Defense Flexport BrandVoice Mitsubishi Heavy Industries BrandVoice All Lifestyle Boats & Planes Capital One BrandVoice Cars & Bikes Cole Haan BrandVoice Dining & Drinking Forbes Travel Guide Watches & Jewelry Amazon Web Services Capital One Cole Haan Impact Partners Mitsubishi Heavy Industries T-Mobile for Business U.S. Bank All Advisor The Best Credit Cards Of 2019 Best Travel Credit Cards Best Business Credit Cards Best Credit Card Sign Up Bonuses 30 Under 30 2019 Cole Haan BrandVoice: Changemakers Crypto Confidential Daily Dozen Briefing Dark Capital F45 Training BrandVoice: Are You Fit For A Franchise? Forbes Daily Cover Stories Forbes Editors' Picks Forbes Finds Forbes Insights with Teradata: Forbes Analytics+ Forbes Magazine Forbes Video HUB International BrandVoice: Benefits 2020 Investing Digest iShares BrandVoice: Invest With A Purpose Microsoft Shift BrandVoice: Behind The Shift Own it: The Modern Guide to Buying a Home # Bill Gates No Longer World's Richest Man By Matthew Miller and Luisa Kroll For the third time in three years, the world has a new richest man. Riding surging prices of his various telecom holdings, including giant mobile outfit America Movil , Mexican tycoon Carlos Slim Helu has beaten out Americans Bill Gates and Warren Buffett to become the wealthiest person on earth and nab the top spot on the 2010 Forbes list of the World's Billionaires. Slim's fortune has swelled to an estimated $53.5 billion, up $18.5 billion in 12 months. Shares of America Movil, of which Slim owns a $23 billion stake, were up 35% in a year. In Pictures: The 20 Richest People In The World That massive hoard of scratch puts him ahead of cofounder Bill Gates, who had held the title of world's richest 14 of the past 15 years. Gates, now worth $53 billion, is ranked second in the world. He is up $13 billion from a year ago as shares of Microsoft rose 50% in 12 months. Gates' holdings in his personal investment vehicle also soared with the rest of the markets. Buffett's fortune jumped $10 billion to $47 billion on rising shares of Berkshire Hathaway . He ranks third. The Oracle of Omaha shrewdly invested $5 billion in Goldman Sachs and $3 billion in General Electric amid the 2008 market collapse He also recently acquired railroad giant Burlington Northern Santa Fe for $26 billion. In his annual shareholder letter Buffett wrote, "We've put a lot of money to work during the chaos of the last two years. When it's raining gold, reach for a bucket, not a thimble." Many plutocrats did just that. Indeed, last year's wealth wasteland has become a billionaire bonanza. Most of the richest people on the planet have seen their fortunes soar in the past year. This year the World's Billionaires have an average net worth of $3.5 billion, up $500 million in 12 months. The world has 1,011 10-figure titans, up from 793 a year ago but still shy of the record 1,125 in 2008. Of those billionaires on last year's list, only 12% saw their fortunes decline. U.S. billionaires still dominate the ranks--but their grip is slipping. Americans account for 40% of the world's billionaires, down from 45% a year ago. The U.S. commands 38% of the collective $3.6 trillion net worth of the world's richest, down from 44% a year ago. Of the 97 new members of the list, only 16% are from the U.S. By contrast, Asia made big gains. The region added 104 moguls and now has just 14 fewer than Europe, thanks to several large public offerings and swelling stock markets. The new billionaires include American Isaac Perlmutter, who flipped Marvel Entertainment for $4 billion last December The Spider-Man mogul netted nearly $900 million in cash and 20 million shares of Disney in the transaction. Also new to the ranking: 27 billionaires from China, including Li Shufu, whose automaker, Geely, announced plans to buy Swedish brand Volvo from Ford in December. The deal is expected to close in March 2010. Finland and Pakistan both welcomed their first billionaires. For the first time China (including Hong Kong) has the most billionaires outside the U.S. with 89. Russia has 62 billionaires, 28 of them returnees who had fallen off last year's list amid a meltdown in commodities. Total returnees to the list this year: 164. Eleven countries have at least double the number of billionaires they had a year ago, including China, India, Turkey and South Korea. Thirty members of last year's list fell out of the billionaire's club. Moguls who couldn't make the cut: Iceland's Thor Bjorgolfsson, Russia's Boris Berezovsky and Saudi Arabia's Maan Al-Sanea. Another 13 members of last year's list died. Among the deceased: real estate developer Melvin Simon and glass tycoon William Davidson In Pictures: The 20 Richest People In The World By Matthew Miller and Luisa Kroll
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The World's Billionaires 2010
Annual list.
Mexican telecommunication mogul Carlos Slim narrowly eclipsed Microsoft's Bill Gates to top the billionaire list for the first time.  Slim saw his estimated worth surge $18.5 billion to $53.5 billion as shares of America Movil rose 35%.   Gates' estimated wealth rose $13 billion to $53 billion, placing him second.