Gates is world’s richest man; 355 drop off billionaires’ listMarch 12th, 2009 - 1:06 pm ICT by IANS
By Arun Kumar
Washington, March 12 (IANS) Despite losing $18 billion over the last 12 months, Bill Gates has reclaimed his title as the richest man in the world with a total net worth of $40 billion.
As the number of billionaires on the planet shrank, Warren Buffett slipped to No. 2 with $37 billion, after losing $25 billion in the past year due to the decline in value of Berkshire Hathaway stock, according to Forbes’ 2009 list of the World’s Billionaires.
Mexican telecom titan Carlos Slim Helu lost $25 billion, and came in at No. 3.
The top 3 on Forbes’ list have lost a combined $68 billion in the past year as the total number of billionaires fell to 793 from 1,125. This marks the first time since 2003 that the number of billionaires worldwide has dropped from one year to the next.
The 355 billionaires who fell off the list this year include former AIG chief executive Maurice “Hank” Greenberg, former head of Citigroup Sandy Weill, and Facebook founder Mark Zuckerberg.
Even among those who have managed to remain billionaires, there has been a vast decrease in wealth: the total net worth of this year’s list is $2.4 trillion, down $2 trillion from $4.4 trillion last year.
The average billionaire is now worth $3 billion, down from $3.9 billion in 2008.
Anil Ambani (No. 34) was last year’s biggest gainer and is this year’s biggest loser: he lost $32 billion over the last 12 months. Fellow Indian Lakshmi Mittal (No. 8) also endured significant losses, with $25.7 billion wiped from his personal fortune during the past year.
The 2009 list represents citizens from 52 countries and one principality. As fortunes fell in Asia and Russia, Americans once again dominate the superrich, occupying 10 of the Top 20 spots, up from only four last year.
Russia has lost nearly two-thirds of its billionaires during the past year and is down to 32 billionaires. The 10 biggest dollar losers on this year’s list lost a combined $238 billion in the past year, more than the GDP of Ireland or Israel.
Still, these tycoons are worth a combined $175 billion, and half of them are still among the 10 richest people on the planet.
- Mukesh Ambani richest among 48 Indian billionaires - Mar 08, 2012
- Two IITians among 400 richest Americans - Sep 22, 2011
- Fifty Indians on Forbes' global billionaire club - Mar 10, 2011
- Four of Indian-origin among America's 400 super-rich - Sep 23, 2010
- Mexico's Carlos Slim tops Forbes' richest list - Mar 08, 2012
- Carlos Slim remains world's richest person - Mar 11, 2011
- Mukesh Ambani, Lakshmi Mittal in top 10 of world's rich list - Mar 11, 2010
- India's richest lost 20 percent of wealth: Forbes - Oct 27, 2011
- Thai Indian entrepreneur's wealth soars by 252 percent - Sep 02, 2010
- Mexican Carlos Slim tops world's rich list - Mar 11, 2010
- Richest Indian Mukesh Ambani amongst Forbes top ten Billionaires - Mar 11, 2010
- Bill Gates stays richest American for 17th year in a row - Sep 23, 2010
- Lakshmi Mittal replaces Mukesh Ambani as world's richest Indian - Mar 10, 2011
- Mukesh Ambani, Lakshmi Mittal in top 10 of world's rich list (Lead) - Mar 11, 2010
- Mukesh Ambani again tops list of richest Indians - Sep 30, 2010
Tags: arun kumar, berkshire hathaway, berkshire hathaway stock, biggest loser, bill gates, billionaire, carlos slim helu, citigroup, dollar losers, forbes list, gainer, hank greenberg, lakshmi mittal, maurice hank greenberg, net worth, personal fortune, principality, richest man in the world, sandy weill, warren buffett