The World's Richest People

The World's Richest People
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The World's Richest People
The world's richest people lost billions of dollars this past year, and while they had billions more to spare, it was enough to knock Warren Buffett off the No. 1 spot.

Someone has to be the richest, though. Click forward to see the new lineup of the richest people in the world.

Full Billionaires Coverage

Next: The No. 5 Richest
Net Worth: $22 billion
(Down $9 billion from last year, up from the No. 7 richest in 2008.)
Source: Ikea/Sweden
Age 83. Divorced, remarried; four children.

Opened first Ikea store 50 years ago; store's name is a combination of initials of his first and last name, his family farm and the nearest village. Retired in 1986; company's "senior adviser" still reportedly works tirelessly on his brand.

More on Ingvar Kamprad

Next: The No. 4 Richest
Net Worth: $22.5 billion
(Lost $2.5 billion over the past year, was No. 14 last year.)
Source: Oracle/U.S.
Age 64. Thrice divorced, remarried; two children.

Database titan continues to engulf the competition; Oracle has racked up 49 acquisitions in the past four years.

More on Lawrence Ellison

Next: The No. 3 Richest
Net Worth: $35 billion
(Was No. 2 last year, lost $25 billion over the past year.)
Source: Telecom/Mexico
Age 69. Widowed, six children.

Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America's richest man. Global recession testing his ability to live up to the principles he sets for his employees: "Maintain austerity in times of fat cows."

More on Carlos Slim Hel'

Next: The No. 2 Richest
Net Worth: $37 billion
(Was No. 1 last year, lost $25 billion over the past year.)
Source: Investments/U.S.
Age 78. Widowed, remarried; three children.

Last year America's most beloved investor was the world's richest man. This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway are down 45% since last March.

More on Warren Buffett

Next: The No. 1 Richest
Net Worth: $40 billion
(Down from $58 billion last year; was No. 3.)
Source: Microsoft/U.S.
Age 53. Married, three children.

Software visionary regains title as the world's richest man despite losing $18 billion in the past 12 months. Now devoting his talents and riches to the Bill & Melinda Gates Foundation.

More on Bill Gates
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In Video: Top Billionaire: Bill Gates

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