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Saturday 30 August 2014

Mexican Slim is still richest man

Published 04/03/2013 | 14:46

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Billionaire Warren Buffett is sliding down the list of the world's richest people (AP)

Mexican tycoon Carlos Slim remains the world's richest man for the fourth year in a row, according to Forbes magazine.

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Warren Buffett dropped out of the top three for the first time since 2000.

And Facebook's Mark Zuckerberg saw his ranking drop 31 spots as his net worth declined by 4.2 billion dollars.

A record 1,426 people around the world made the US magazine's latest annual count of billionaires, up 16% from last year. Their average net worth was 3.8 billion dollars, rising 3% from 2012. The total net worth for the list's billionaires was 5.4 trillion dollars, compared with 4.6 trillion dollars a year ago.

The US continued to be home to the most billionaires in the world, with 442 of them. It was followed by the Asia-Pacific region, with Europe rounding out the top three.

There were 210 new faces on the list, with Forbes saying many were helped by rebounding equity markets and strong consumer brands.

Mr Slim's net worth increased to 73 billion dollars from 69 billion a year earlier. Bill Gates of Microsoft held on to second place with a net worth of 67 billion dollars.

Mr Buffett slipped to the fourth spot with a 53.5 billion dollar net worth. He was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012 with 57 billion dollars.

There were 138 women on the list, up from 2012's 104. Liliane Bettencourt - whose family owns a stake in L'Oreal - is the world's richest woman with a net worth of 30 billion dollars.

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