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 Entertainment

Today in entertainment history: Sept. 18

In this undated photo, Jimi Hendrix performs with a Fender Stratocaster electric guitar. The Stratocaster, used by countless professional and amateur musicians, celebrates its 60th anniversary in 2014.

A look back on some of Hollywood's most memorable moments.

in Sports

Cardinals RB Dwyer arrested on assault charges

NFL logo on the field before an NFL football game between the Detroit Lions and the New England Patriots in Detroit, Thursday, Aug. 22, 2013.

Phoenix police announced the arrest Wednesday, the latest in the string of cases involving off-the-field violence by NFL players. The Cardinals said they became aware of the situation on Wednesday and are cooperating with the investigation. He has been deactivated from all team activities.

in Sports

Vikings bar Peterson from team activities

Minnesota Vikings executive vice president & general manager Rick Spielman, left, owner/chairman Mark Wilf, center, and executive vice president legal affairs Kevin Warren, right, take part in a news conference in Eden Prairie, Minn., Wednesday, Sept. 17, 2014. Hours after reversing course and benching Adrian Peterson indefinitely, owner Zygi Wilf said that the team "made a mistake" in bringing back their superstar running back following his indictment on a felony child-abuse charge in Texas.

Vikings owner Zygi Wilf says the team "made a mistake" in bringing back Adrian Peterson following his felony child-abuse charge

in Sports

Bayern beats Man City in Champions League

Bayern's Jerome Boateng, left, celebrates after he scored his side first goal during the Champions League Group E soccer match between FC Bayern Munich and Manchester City at Allianz Arena in Munich, southern Germany, Wednesday Sept. 17, 2014. Right are Bayern's Juan Bernat.

Jerome Boateng scored in the 90th minute to give Bayern Munich a victory over Manchester City in the Champions League on Wednesday.

in Sports

Panthers remove DE Greg Hardy from active roster

Carolina Panthers defensive end Greg Hardy (76) runs on the the field during player introductions before the start of an NFL football game in Charlotte, NC, Sunday, Dec. 15, 2013.

The Panthers have removed Greg Hardy from the team's active roster until his domestic violence case is resolved.

Bellingham Traffic