List of billionaires drops 30%

Before you go, we thought you'd like these...
Before you go close icon

For the first time in six years, the number of people on Forbes magazine's annual ranking of billionaires worldwide fell, dropping 30% to 793 billionaires from 1,125 last year, according to a Bloomberg News story.

The rich also got a lot poorer too, or at least had less money -- the total net worth of the list fell to $2.4 trillion from $4.4 trillion last year, with the average billionaire worth $3 billion, down from $3.9 billion.

Microsoft Corp. Chairman Bill Gates is the world's richest person, with a net worth of $40 billion, down from $58 billion in 2008.

The recession hit Gates and the other two wealthiest people on the earth -- Berkshire Hathaway Chairman Warren Buffett and Mexican telecommunications magnate Carlos Slim Helu -- with the trio losing $68 billion between them in the past year.

Last year Buffett ended Gates' 13-year reign atop the list.

Here's to a better year ahead for the billionaires...and the rest of us.

Read Full Story

Want more news like this?

Sign up for Finance Report by AOL and get everything from business news to personal finance tips delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

From Our Partners