Gates back as world's richest

Last updated 07:29 04/03/2014
Bill Gates
Reuters
LEADER OF THE PACK: Bill Gates' fortune of over US$76 billion makes him head of the billionaires' club.
Carlos Slim Helu
Reuters
SECOND PLACE: Mexican telecom mogul Carlos Slim Helu has been knocked off the top of the list of the world's billionaires.

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Microsoft co-founder Bill Gates is back on top of the Forbes magazine list of the world's richest people after a four-year hiatus.

Gates, who led the list for 15 of the past 20 years, won the spot back from Mexican telecom mogul Carlos Slim Helu, who had topped the list for the past four years.

Gates' net worth is estimated at US$76 billion (NZ$90b); Slim Helu follows at US$72b.

Spanish clothing magnate Amancio Ortega, known for the Zara retail chain, maintained his third-ranked spot and came out ahead of famed US investor Warren Buffett, who ranked fourth. Larry Ellison of Oracle came in fifth.

Forbes says a record 1645 billionaires made the list this year, with an average net worth of US$4.7b. That's up from 1426 billionaires last year with a net worth of US$4.2b.

Total net worth of this year's list was US$6.4 trillion, up from US$5.4t last year.

The magazine said that 1080 of the billionaires were self-made, 207 inherited their wealth and 352 inherited a portion but are still growing it.

The largest net worth gainer on the list was Facebook's Mark Zuckerberg, who more than doubled his fortune to US$28.5b as the value of his company's stock soared. He ranks 21st on the list.

The social media giant helped bring a few notable newcomers to the list, including Facebook's Chief Operating Officer Sheryl Sandberg and WhatsApp founders Jan Koum and Brian Acton, who recently sold their business to Facebook for US$19b.

Forbes said 268 billionaires were new to the list, beating out a prior high of 226 newcomers in 2008. And a record number of women made the list this year, with 172 women joining, up 25 per cent from last year.

Altogether 100 people dropped out of the rankings, while 16 passed away.

The US was the country with the greatest number of billionaires at 492, followed by China with 152 and Russia with 111. Billionaires from four new countries joined, adding Algeria, Lithuania, Tanzania and Uganda to the geographic mix.

New Zealand's richest person, according to the National Business Review Rich List, is Graeme Hart with an estimated net worth of NZ$6.4b. Forbes ranks him at 191 with an estimated net worth of US$7b.

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- AP

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