
After 13 years as number one Bill Gates ceded the title of richest man on the planet to his friend Warren Buffett. But who’s counting? Almost all their wealth is going to the same charitable ends.
According to Forbes, the number of billionaires identified reached 1,000. On February 11 of counting day, the combined net worth of all billionaires was $4.4 trillion, up $900 billion from last year.
The average billionaire is worth $3.9 billion, $250 million more than last year. The superrich are also becoming younger. The average age is 61, down from 62 last year.
For the first time, the number of billionaires we identified topped 1,000. On Feb. 11, our counting day, the combined net worth of all billionaires was $4.4 trillion, up $900 billion from last year.
Below are the list of 20 Richest People on the Planet:
1. Warren Buffett
U.S. $ 62 bil
America’s most beloved investor is now the world’s richest man. Since last August shares of Berkshire Hathaway (nyse: BRKA – news – people ) have risen 18%, and Buffett soared past friend and bridge partner Bill Gates. Buffett bought a controlling stake in Berkshire in 1965; shares have since climbed an average 21.4% a year. Keep the estate tax, he goads Congress: “Dynastic wealth,” he says, is “the enemy of a meritocracy.”
2. Carlos Slim Helu
Mexico $60 bil
His holdings in telecom, banking, tobacco and more are among the largest–and most valuable–in Mexico. His net worth doubled in two years, thanks mostly to the stock run-up of pan-Latin American wireless telecom outfit Am??rica M??vil. In December the company struck a deal with Yahoo (nasdaq: YHOO – news – people ) to provide mobile Web services to 16 Latin American and Caribbean nations. The man critics deride as a monopolist has been stepping up his charitable donations; he gave $500 million last year to the Carso Health Institute in Mexico City.
3. Bill Gates
U.S. $58 bil
After 13 years at No. 1 Microsoft (nasdaq: MSFT – news – people ) cofounder slips two spots. Gates was worth more than $65 billion last November. Then came Yahoo (nasdaq: YHOO – news – people ): Microsoft stock fell 15% in early February following the company’s attempted hostile merger with the search engine giant. Still worth $2 billion more than last year but not enough to hold on to the top ranking.
Read More »