Thursday, 12 Mar, 2009 Current Events

Bill Gates Becomes Once Again the Richest Man in World


There's no doubt that with the global economic crisis the number of billionaires in the world faced a significant reduction. According to Forbes, 793 billionaires had the fortune reduced by 30 percent compared to 2008.

The magazine calculated that the total wealth of billionaires in 2009 fell 46 percent down to $2.4 trillion. The average wealth of a billionaire is now $3 billion, which is 23 percent less if compared to 2008.

This year, once the richest person in the world, Bill Gates, regained his title despite losing $18 billion. His total net worth is now $40 billion.

The second in the list of the wealthiest people is Warren Buffet with a net worth of $37 billion. After the shares of his company, Berkshire Hathaway Inc., registered a significant drop, Mr. Buffet lost $25 billion in 2008.

The bronze medal Forbes gave to Mexican telecom giant Carlos Slim Helu. Due to the crisis Mr. Helu lost $25 billion. The fourth place went to Oracle Corp. Chief Executive Larry Ellison.

In last year's list of the wealthiest people, Americans occupied 4 top positions and in 2009 there are 10 Americans in the top 20 list. The whole list includes billionaires from 52 countries and 1 principality, reports The Wall Street Journal.

The only person from the top 20 whose net worth increased over the past year is New York City Mayor Michael Bloomberg, who settled at 17th position. With a salary of $1 a year, he benefitted after his company, Bloomberg LP, was re-evaluated.

The list included 32 Russians, which is 2/3 less compared to 2008.

The biggest loss faced Anil Ambani, the owner of Reliance Infrastructure Ltd., which was earlier known as Reliance Energy Ltd.. The billionaire from India lost $32 billion this year and comes 34th.

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