Warren Buffett has overtaken Bill Gates to become the richest American in the Forbes 400 list, Bloomberg said, citing a recalculated list to be published later this month. -- PHOTO: ASSOCIATED PRESS
WARREN Buffett has overtaken Bill Gates to become the richest American in the Forbes 400 list, Bloomberg said, citing a recalculated list to be published later this month.
The magazine, in its Oct 27 issue, recalculates the effect of Sept's financial news on the wealthiest Americans, those who make up its Forbes 400 list, the agency said.
The Berkshire Hathaway Inc chairman added US$8 billion to his net worth in a 33-day period, Aug 29 to Oct 1, to reach US$58 billion (S$85.72 billion), the agency said, citing the magazine.
Mr Buffett overtook the Microsoft Corp co-founder, whose net worth declined US$1.5 billion to US$55.5 billion during the 33-day period, the agency said.
Bill Gates had been number 1 on the Forbes list for 15 consecutive years, the agency said.
Las Vegas Sands Corp Chief Executive Sheldon Adelson's net worth declined US$4 billion during the period, the steepest drop among Americans who lost US$1 billion or more during the credit crisis, the agency said.
Forbes could not be immediately reached by Reuters. -- THOMSON REUTERS
