Buffet world's richest man

Thursday, March 06 - 2008 at 11:06

Berkshire Hathaway Chairman Warren Buffett has made it to the top of Forbes magazine's annual list of billionaires worldwide, ending the 13-year reign for Microsoft Corp.'s co-founder Bill Gates, reported Bloomberg. Buffett's wealth increased $10bn to about $62bn in the 12 months through Feb. 11, mostly from a gain in his company's shares. Gates fell to third on the list behind Mexican telecommunications mogul Carlos Slim, 68, who has an estimated net worth of $60bn. Slim, the son of Lebanese immigrants to Mexico, amassed his fortune building Latin America's largest telecommunication carriers. Forbes's list shows wealth expanding in emerging markets around the globe, with Russia overtaking Germany as the second- richest country, and 70 percent of newcomers from Russia, India, China and the US.

Jeff  Florian Jeff Florian, Senior Reporter
Thursday, March 06 - 2008 at 11:06 UAE local time (GMT+4)

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