Bill Gate is no longer the richest person in the world :(

March 6, 2008

          Steve Jobs

Did you guys know that Forbes placed Steve Jobs, Apple CEO, # 189 on its list of the world’s billionaires, placing him behind fellow tech luminaries such as Bill Gates, Larry Ellison, Paul Allen, and Google founders Sergey Brin and Larry Page. But don’t feel too bad Forbes estimates Jobs net worth at $5.4 billion.

Gates, Microsoft’s chairman, fell to third place on the Forbes’ list, after 13 years in the top spot. The magazine, which puts out annual lists of the world’s richest people, blamed Gates’ decline to the slide in Microsoft shares from the day before the company announced a $44.6 billion offer to buy Yahoo, to the day Forbes calculated stock prices into its rich list valuations, Feb. 11.

Warren Buffett 

Had Microsoft shares not declined so much, Gates would have been in a close race with investing mogul Warren Buffett for the top spot on the list, Forbes said.

Carlos Slim Helu

Buffett took over as the world’s richest man this year with an estimated $62 billion fortune, while Mexican communications industry leader Carlos Slim Helu came in second with $60 billion, Forbes said. Gates’ fortune was valued at $58 billion.

Mark Zuckerberg

Microsoft helped put Mark Zuckerberg, the youngest ever billionaire on Forbes’ list. The founder of popular social networking Web site Facebook is worth $1.5 billion, according to the magazine, based on a calculation involving Microsoft’s $240 million investment last year for a 1.6 percent stake in Facebook. Zuckerberg ranked 785th overall on the Forbes list.

 You can find The World’s Billionaires list if you click here


2 Responses to “Bill Gate is no longer the richest person in the world :(”

  1. Tasia Says:

    In my applied investment management class we’ve been studying Warren Buffet all semester and he is one smart cookie. It’s interesting to see that the three top riches people in the world are from three different industries: stock investing, telecom, and computers. But it’s kind of a relief to see that Bill Gates is finally off the top. I mean, come on Bill share the wealth. No pun intended.

  2. wattsy Says:

    Warren Buffet is defintley a smart man. His Berkshire company owns a 7% stake in Coca Cola which they bought in 1988. This would be worth a lot in todays dollars. A big key to his success is buying stocks at market corrections, and downturns which give buying opportunities. It does not surprise me that he is the richest person in the world. Bill Gates is definitely still worth a lot though.

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