Carlos Slim tops Bill Gates as world's richest man



(CNN) -- Forbes magazine released its annual list of the world's richest people Wednesday, and for only the second time since 1995, Microsoft founder Bill Gates' name was not at the top.

This year, the title of "World's Richest" went to Mexican telecom mogul Carlos Slim, with a net worth of $53.5 billion. It marked the first time since 1994 that the top spot has been held by a non-U.S. billionaire, Forbes said.

Gates is the world's second richest person, with a net worth of $53 billion. Warren Buffett came in at number three this year, with a net worth of $47 billion.

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.

Not only are there more billionaires than last year, but the ones at the top are even richer than last year. The top ten billionaires have a combined net worth of $342 billion, up from $254 billion in 2009, Forbes said.

Of the new billionaires for 2010, 62 made their debut from Asia, which has shown recovery from the global economic downturn. To top of page

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Overnight Avg Rate Latest Change Last Week
30 yr fixed3.86%3.92%
15 yr fixed3.03%3.05%
5/1 ARM3.40%3.46%
30 yr refi3.94%3.98%
15 yr refi3.12%3.14%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 18,203.37 -85.26 -0.47%
Nasdaq 4,979.90 -28.20 -0.56%
S&P 500 2,107.78 -9.61 -0.45%
Treasuries 2.12 0.04 1.82%
Data as of 10:34pm ET
Company Price Change % Change
Bank of America Corp... 16.04 0.03 0.19%
Apple Inc 129.36 0.27 0.21%
Ford Motor Co 16.17 -0.40 -2.41%
Cisco Systems Inc 29.54 -0.65 -2.15%
Microsoft Corp 43.28 -0.60 -1.37%
Data as of 4:02pm ET
Sponsors

Sections

The historically black school will cover 50% of the cost of a a student's final semester if they graduate early or on time, starting next year. More

If the Supreme Court rules that enrollees on the federal Obamacare exchange can't get subsidies, it could destroy the individual insurance market. The court will hold hearing on King v. Burwell on Wednesday. More

ISIS and jihadi videos on YouTube were running ads for things like Secret, Aveeno and Bud Light. The companies -- and YouTube -- said this was a mistake. More

Find yourself suddenly holding one big lump sum of cash? Here's what you need to know to make sure your money is invested the way it should be. More