Warren Buffett becomes World’s richest person

Warren Buffett becomes World’s richest person

Bill Gates the Microsoftt founder has been knocked off his perch as the world’s richest man after 13 years at the top. Bill Gates has overtaken by US financier Warren Buffett as the world’s richest in this year’s list, which saw Russia, China & India making increasing inroads.

Mr Buffett, the 77 years old chief of the Berkshire Hathaway, saw his wealth jump from $US52 billion ($55 billion) last year to $US62 billion ($66 billion), pushing Microsoft co-founder Mr Gates into third position after 13 years as number one.

Mexico’s telecom mogul Carlos Slim Helu grabbed second place with a tidy nest egg of $US60 billion, up from $US49 billion last year.

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