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The Richest Man in the World

World's Richest Person Is a Different Name After 13 Years

Bill Gates' fortune has been trumped by that of Warren Buffett, according to Forbes' annual ranking of the world's wealthiest people. While Gates topped Vanity Fair's 2007 Windfall Report earlier this week, he fell from his number one spot as world's richest person after 13 years of owning the title. Warren Buffett (Berkshire Hathaway CEO) is now proclaimed to be wealthiest with his $62 billion and Carlos Slim Helú (Mexican telecom tycoon) is number two with $60 billion to his name, while Bill Gates settled in at three with his $58 billion.

This is the 22nd time Forbes has ranked the world's billionaires, and there are some stand out stats from this year's list. This is the first year that the number of billionaires crossed the 1,000 mark and reached 1,125 total, 226 of these are newcomers, and 50 are under the age of 40. The list has greater international representation this year — India has four in the top 10 (more than any other country), and while the U.S. still has the most billionaires overall Russia is the new number two with 87 billionaires.

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