News

Bill Gates is again world’s richest man

Bill Gates is again world’s richest man

ROLLING IN THE DOUGH: Need a loan? Bill Gates might be able to help you out. Photo: Reuters

By Jonathan Stempel

(Reuters) – Bill Gates has returned to the top of Forbes magazine’s annual list of the world’s richest people, as rising stock markets swelled the ranks of billionaires, which included a record number of women.

With a net worth of $76 billion, the Microsoft Corp co-founder reclaimed the top spot after a four-year hiatus, toppling Mexico’s telecommunications mogul Carlos Slim Helu, who placed second at $72 billion, Forbes said in announcing the list on Monday.

Amancio Ortega, the Spanish founder of clothing conglomerate Inditex SA, which includes the Zara fashion chain, ranked third at $64 billion.

Investing icon Warren Buffett, who runs Berkshire Hathaway Inc and is a frequent bridge partner for Gates, was fourth at $58.2 billion. Oracle Corp chief Larry Ellison came in fifth at $48 billion.

Gates has topped the list in 15 of the last 20 years.

A record 1,645 billionaires with a total net worth of $6.4 trillion made Forbes’ list, up from 1,426 last year.

Just over 10 percent were female, with 172 women compared with 138 a year earlier.

Wal-Mart Stores Inc heiress Christy Walton was the highest-ranking woman, in ninth place, at $36.7 billion. France’s Liliane Bettencourt, who got much of her wealth from cosmetics company L’Oreal SA, was next among women at $34.5 billion, and ranked 11th overall.

The Internet was well-represented. Google Inc founders Larry Page and Sergey Brin ranked 17th and 19th, worth a respective $32.3 billion and $31.8 billion, while Amazon.com Inc’s Jeff Bezos was between them at $32 billion.

Facebook Inc founder Mark Zuckerberg, 29, more than doubled his net worth to $28.5 billion, and ranked 21st.

Former New York City Mayor Michael Bloomberg, who left office two months ago, was 16th at $33 billion, built mainly through his eponymous media company.

Forbes said the year’s biggest loser was Brazilian tycoon Eike Batista, whose net worth fell below $300 million from $10.6 billion as his oil and natural resources empire collapsed amid too much debt and falling output.

Roughly two-thirds of the world’s billionaires, or 1,080, were self-made. The United States had the most billionaires, with 492, followed by China at 152 and Russia at 111. Algeria, Lithuania, Tanzania and Uganda joined the list with one each.

(Reporting by Jonathan Stempel in New York; Editing by Barbara Goldberg and Jan Paschal)

Recent Headlines

in Local

Ben U Student Airs Concerns Following Private Forum

Updated
school test

The questions surrounding Benedictine University's decision to cancel undergraduate programs at its Springfield campus continue.

in Local

Springfield Clinic’s “GIVE75″ Campaign Continues

sojourn

Springfield Clinic is celebrating its 75th birthday but the company is giving the presents instead of receiving

in Local

Bar Assoc. Offers Help Voting for Judges

gavel2

How do you know how to vote for judges? The Illinois State Bar Association has some help.

in Election 2014, Local

Rauners Say Bruce and Quinn Agree on Social Issues

Illinois Republican gubernatorial candidate businessman Bruce Rauner participates in a Republican gubernatorial candidate debate Tuesday, Feb. 18, 2014, in Springfield, Ill. The four Republican gubernatorial candidates said that they’ll be willing to work with unions if elected but differed on how to approach the relationship during a downstate debate that largely focused on pension reform, taxes and just briefly on personal issues that have dogged some of the candidates.

Speaking to a coalition of women supporting her husband’s campaign, Diana Rauner said Gov. Pat Quinn has tried to take the focus off jobs and the economy.