For just the second time since 1995 Bill Gates is not at the very top of the world's richest men list in Forbe's magazine! Imagine that!
He has been bested by Carlos Slim. Slim is a Mexican telecom mogul with a net worth of $53.5 billion.
This is also the first time since 1994 that a non-U.S. billionaire has topped the list.
Bill Gates came in second with a net worth of $53 billion. Third on the list is Warren Buffett with a net worth of $47 billion.
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The past year saw an increase in the number of billionaires, from 793 to 1,011, Forbes said. The number is still lower than the record 1,125 billionaires recorded in 2008.
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How in this economy has the numbers of billionaires grown? I'd sure love to have a fraction of their money!