Buffett of the USA is richest; Gates dethroned after 13 years of dominance!
The article was taken from msn.com, articled from the Forbes.com New sets of Billionaires in the World, still the USA took the top spot with Henry William gates followed closely to 3rd place. FYI: Bill Gates of the Microsoft Corp. has been in the top spot for 13 years. For more details, read the full coverage of the article below:
Warren Buffett is the richest person on the planet.
Riding the surging price of Berkshire Hathaway (BRK.A, news, msgs) stock, the man called America’s most beloved investor has seen his fortune swell to an estimated $62 billion, up $10 billion from a year ago. That massive pile of scratch puts him ahead of Microsoft (MSFT, news, msgs) co-founder Bill Gates, who had been the richest person in the world for the past 13 years.
Gates is now worth $58 billion and is ranked third in the world. He is up $2 billion from a year ago and would have been perhaps as rich — or richer — than Buffett had Microsoft not made an unsolicited bid for Yahoo (YHOO, news, msgs) at the beginning of February. (Microsoft is the publisher of MSN Money.)
Microsoft shares fell 15% between Jan. 31, the day before the company announced its bid for the search-engine giant, and Feb. 11, the day we locked in stock prices for the 2008 World’s Billionaires list. More than half of Gates’ fortune is held outside Microsoft shares.
Mexican telecom tycoon Carlos Slim Helú is the world’s second-richest person, with an estimated net worth of $60 billion. His fortune has risen $11 billion since last March.
Buffett, whose fortune is estimated based on his stake in Berkshire Hathaway and assets he holds outside the company, declined to comment on his net worth.
The race for the title of world’s richest person has been extremely competitive in recent months. Class A shares of Berkshire Hathaway soared 25% between mid-July and the day we priced our list. The stock hit an all-time high of more than $150,000 a share in December. At that time Buffett was worth roughly $65 billion.
For the complete details: click this link here.
How I wish, these billionaires will pour these billions in the poor countries like ours. How I wish.
