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Gates back on top of Forbes' billionaire rankings

Gates Back on Top of Forbes' Billionaire Rankings

NEW YORK (AP) - Microsoft co-founder Bill Gates is once again the world's richest person.
Forbes magazine announced its ranking of the world's billionaires Monday. Gates, who led the list for 15 of the past 20 years, won the spot back from Mexican telecom mogul Carlos Slim Helu, who had topped the list for the past four years. Gates' net worth is estimated at $76 billion; Slim Helu follows at $72 billion.

Spanish clothing magnate Amancio Ortega, known for the Zara retail chain, maintained his No. 3 spot and came out ahead of famed U.S. investor Warren Buffett, who ranked fourth. Larry Ellison of Oracle came in fifth.

Forbes says a record 1,645 billionaires made the list this year, with an average net worth of $4.7 billion. That's up from 1,426 billionaires last year with a net worth of $4.2 billion. Total net worth of this year's list was $6.4 trillion, up from $5.4 trillion last year.

The magazine said that 1,080 of the billionaires were self-made, 207 inherited their wealth and 352 inherited a portion but are still growing it.

The largest net worth gainer on the list was Facebook's Mark Zuckerberg, who more than doubled his fortune to $28.5 billion as the value of his company's stock soared. He ranks 21st on the list.

The social media giant helped bring a few notable newcomers to the list, including Facebook's Chief Operating Officer Sheryl Sandberg and WhatsApp founders Jan Koum and Brian Acton, who recently sold their business to Facebook for $19 billion.

Forbes said 268 billionaires were new to the list, beating out a prior high of 226 newcomers in 2008. And a record number of women made the list this year, with 172 women joining, up 25 percent from last year.

Altogether 100 people dropped out of the rankings, while 16 passed away.

The U.S. was the country with the greatest number of billionaires at 492, followed by China with 152 and Russia with 111. Billionaires from four new countries joined, adding Algeria, Lithuania, Tanzania and Uganda to the geographic mix.

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floatgod March 03 2014 at 6:57 PM

Now he can afford a hair stylist!

Flag Reply +5 rate up
abstracter March 04 2014 at 4:05 AM

How about the truth about the trillionaire banker elite. Can you say planetary thieving bankster scum.

Flag Reply +4 rate up
Marc March 04 2014 at 9:26 AM

76 Billion dollars may sound like a lot of money, but after taxes and paying for things like cable and phone service... what's really left?

Flag Reply +3 rate up
LA is Best March 04 2014 at 9:38 AM

I'm really upset, I worked so hard and still came up on the bottom of the list!

Flag Reply +4 rate up
1 reply
ftuna2u2 LA is Best March 04 2014 at 9:54 AM

You're not there alone.

Flag Reply +1 rate up
bill March 04 2014 at 7:47 AM

I think I will quite counting after the first Billion

Flag Reply +1 rate up
1 reply
zack is the man bill March 04 2014 at 8:14 AM

That's where WE differ..Me..after the first 18 million,LOL.

Flag Reply +1 rate up
IN MY OPINION ONLY March 03 2014 at 9:12 PM

Warren Buffett is my number one role model to me on earth. Jesus is number one above it all on earth and in the universe. I don't know why my gut "avoids" Bill Gates.

Flag Reply +1 rate up
SANDY March 03 2014 at 10:02 PM

I see him as a genius who thinks big - trying to save all of Africa and India from malaria, polio, and Aids - WOW - wish we had more rich people with his ambition !

Flag Reply +11 rate up
Tom March 04 2014 at 10:08 AM

I bought his worthless 8.1 product......last PC for me.

Flag Reply +5 rate up
olan5tops March 03 2014 at 9:29 PM

Bill Gates has given dozens of millions of dollars to charity. I heard fighting HIV/AIDS is his favorite cause and he set up his own orginzation to do it.

Flag Reply +6 rate up
1 reply
Stephen olan5tops March 03 2014 at 9:51 PM

When you have his kind of money you kind of have to give dozens of millions to charity and he should!!

Flag Reply 0 rate up
Beverly March 03 2014 at 9:39 PM

I've read they do help people through there foundations, they check all your accounts and how much money you make and if your hardship has put you in this situation, if approved they give you a hand up not a hand out.

Flag Reply +8 rate up
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