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Message: World's mega-rich adding wealth, Carlos Slim No. 1

World's mega-rich adding wealth, Carlos Slim No. 1

posted on Mar 10, 2010 06:47PM

World's mega-rich adding wealth, Carlos Slim No. 1

Thomson Reuters






* Billionaires worth $3.6 trillion, up from $2.4 trillion

* Numbers up from 2009, but still short of 2008

* Only second time in 16 years Bill Gates out of top spot

By Michelle Nichols

NEW YORK, March 10 (Reuters) - Mexican tycoon Carlos Slim
is the world's richest person, knocking Microsoft
founder Bill Gates into second spot, as the wealth of the
world's billionaires grew by 50 percent over the last year,
Forbes magazine said on Wednesday.

It is only the second time since 1995 that Gates has lost
the crown, the magazine said, estimating Slim's net worth
at $53.5 billion, compared to Gates's $53 billion
fortune, while investor Warren Buffett came in at No.
3 with $47 billion.

The trio regained $41.5 billion of the $68 billion they had
lost the previous year, Forbes said.

The number of billionaires around the world has nearly
recovered in 2010 after dropping by a third last year during
the global financial crisis. There are now 1,011 billionaires,
compared with 793 last year and 1,125 in 2008.

The net wealth of those billionaires grew to $3.6 trillion
from $2.4 trillion last year, but is still down from 2008's
$4.4 trillion, according to the 24th annual Forbes list, which
took a snapshot of wealth on Feb. 12 to compile its ranking.

The average billionaire is now worth $3.5 billion, up $500
million from last year. And the number of women on the list
rose to 89 from 72 last year.

"The global economy is recovering and it's reflected in
what you see in the list this year," Steve Forbes, chief
executive of Forbes, told a news conference. "Financial markets
have also made an even more impressive comeback from the lows
of just about a year ago, particularly in emerging markets."

"Asia is leading the comeback," Forbes said.

The number of billionaires in the Asia-Pacific region grew
by 80 percent to 234 and their net worth almost doubled to $729
billion, which the Forbes ranking attributed to the area's
"swelling stock markets and several large public offerings
during the past year."

Two Indians round out the top five richest people in the
world -- Mukesh Ambani, with a petrochemicals, oil and gas
fortune of $29 billion, and steel magnate Lakshmi Mittal, who
is valued at $28.7 billion.

The biggest gainer on the list was Brazilian mining
magnate Eike Batista, 53, with $27 billion, up from
$7.5 billion. He made his riches through the initial public
offerings of several companies. He is planning to take his
shipbuilding and oil services firm OSX public next week in an
expected $5.6 billion offering, which would be Brazil's second
biggest ever IPO.

UNITED STATES, EUROPE LAGGING

Of the 97 billionaires making their debut on the Forbes
list, 62 are from Asia, while for the first time China is now
home to the most billionaires outside of the United States.

"The United States still dominates, but the United States
is lagging," Forbes said. "It is not doing as well as the rest
of the world in coming back."

"The global boom that we experienced from the early 80s ...
which was temporarily derailed in 2007, now looks like it is
beginning to get back on track. But Asia and a handful of
others are surging, relatively the United States and Western
Europe are lagging."

The top homes to billionaires are New York with 60 and
Moscow with 50, followed by London with 32.

There are 55 countries represented on the Forbes list with
billionaires from Pakistan -- clothing exporter Mian Muhammad
Mansha -- and Finland -- manufacturing mogul Antti Herlin --
making an appearance for the first time, while Turkey, Russia
and India regained billionaire numbers lost last year.

There were 164 billionaires returning to the list in 2010,
including Facebook founder Mark Zuckerberg, who is also the
world's youngest with a $4 billion fortune at the age of 25.

The second-youngest self-made billionaire is Japan's
Yoshikazu Tanaka, 33, who made $1.4 billion from social
networking firm Gree . The oldest is 99-year-old Walter
Haefner from Switzerland who has $3.3 billion.

The sixth-richest man is Oracle Corp Chief
Executive Larry Ellison with $28 billion. At No. 7 is the
richest man in Europe, Bernard Arnault, CEO of luxury goods
group LVMH , who has a fortune of $27.5 billion.

"The bling is back," said Forbes Senior Editor Luisa Kroll
of Arnault's wealth.

Rounding out the top 10 is Spanish clothing retailer
Inditex founder Amancio Ortega with $25 billion and
German supermarket king Karl Albrecht, who is valued at $23.5
billion.

While Gates's and Buffett's fortunes far exceed most others
in the top 10, Forbes Senior Editor Matthew Miller said their
fortunes would be far greater if they hadn't given away a lot
of their money.

"They would be far richer today if it wasn't for their
tremendous philanthropy," he said. "Buffett would be worth at
least $55 billion ... and Gates' net worth would exceed $80
billion had it not been for his philanthropy."

The Forbes ranking of the world's billionaires can be seen
at www.forbes.com/billionaires.
(Additional reporting by Elzio Barreto; Editing by Mark Egan
and Eric Walsh)


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