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Bill Gates tops forbes list for the 12th year
(Bloomberg)
Updated: 2006-03-10 14:06 Microsoft Corp. Chairman Bill Gates's net worth
has risen to $50 billion, making him the world's richest person and widening his
lead over No. 2 Warren Buffett, according to Forbes magazine's annual survey.
Gates's fortune increased 7.5 percent from $46.6 billion last year, while
Buffett, 75, chairman of Berkshire Hathaway Inc., lost 4.8 percent to $42
billion. Gates, 50, has been at the top of the Forbes list for the last 12
years.
The rest of the top five were all from outside the U.S.: Mexico's Carlos Slim
Helu, 66, whose companies include mobile- telephone carrier America Movil SA,
rose to third from fourth, at $30 billion. Sweden's Ingvar Kamprad, 79, founder
of Ikea, the world's biggest home furnishings retailer, jumped to fourth from
sixth, with $28 billion; and India's Lakshmi Mittal, 55, chairman of Mittal
Steel Co., fell to fifth from third, at $23.5 billion.
The magazine counted 793 billionaires around the globe, with a total net
worth of $2.6 trillion, up 18 percent from last year largely because of strong
stock performance, Forbes said.
New members of the billionaires' club include Christy Walton, 51, in 17th
place, with a fortune of $15.9 billion. Her husband, John Walton, who died in a
plane crash in 2005, was the son of Wal-Mart Stores Inc. founder Sam Walton.
Martha Stewart, who joined the billionaire ranks last year with a net worth
of $1 billion, is no longer on the list. She was one of 39 who fell out of this
year's compilation, Forbes said.
Top 10
Among the rest of the top 10, Microsoft co-founder Paul Allen, 53, moved up
one spot to sixth, with a net worth of $22 billion. France's Bernard Arnault,
57, chairman of LVMH Moet Hennessy Louis Vuitton SA, the world's largest
luxury-goods maker, vaulted to seventh place from 17th, with a $21.5 billion net
worth.
Saudi Arabia's Prince Alwaleed bin Talal, 49, fell to eighth place from
fifth, as his fortune dipped to $20 billion from $23.7 billion last year.
Toronto-based Kenneth Thomson, 82, and his family, whose Thomson Corp. owns
the Westlaw legal research and First Call stock-market data service, rose to
ninth place from 15th, with $19.6 billion. Hong Kong investor Li Ka-shing, 77,
rose to 10th, from 22nd, with $18.8 billion.
Europe had 15 new billionaires, including Petr Kellner,
41, owner of PPF Group NV, the biggest independent financial services company in
the Czech Republic. Among other new billionaires were James Dyson, 58, founder
of the namesake British vacuum cleaner company, and Suleiman Kerimov, 40, owner of Russian
investment company OAO GNK Nafta Moskva, Forbes said.
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