Bill Gates reclaims top of Forbes billionaire list from Slim

Microsoft co-founder 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. -- FILE PHOTO: AFP 
Microsoft co-founder 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. -- FILE PHOTO: AFP 

(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 US$76 billion (S$96.4 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 US$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 US$64 billion. Investing icon Warren Buffett, who runs Berkshire Hathaway Inc and is a frequent bridge partner for Gates, was fourth at US$58.2 billion. Oracle Corp chief Larry Ellison came in fifth at US$48 billion.

Mr Gates has topped the list in 15 of the last 20 years. A record 1,645 billionaires with a total net worth of US$6.4 trillion made Forbes’ list, up from 1,426 last year.

Just over 10 per cent 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 US$36.7 billion. France’s Liliane Bettencourt, who got much of her wealth from cosmetics company L’Oreal SA, was next among women at US$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 US$32.3 billion and US$31.8 billion, while Amazon.com Inc’s Jeff Bezos was between them at US$32 billion.

Facebook Inc founder Mark Zuckerberg, 29, more than doubled his net worth to US$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 US$10.6billion 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.

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