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 fixed3.90%3.85%
15 yr fixed3.07%3.00%
5/1 ARM3.14%3.02%
30 yr refi3.96%3.92%
15 yr refi3.12%3.10%
Rate data provided
by Bankrate.com
View rates in your area
 
Find personalized rates:
Index Last Change % Change
Dow 18,232.02 -53.72 -0.29%
Nasdaq 5,089.36 -1.43 -0.03%
S&P 500 2,126.06 -4.76 -0.22%
Treasuries 2.22 0.03 1.37%
Data as of 9:46am ET
Company Price Change % Change
Bank of America Corp... 16.75 0.02 0.12%
Apple Inc 132.54 1.15 0.88%
Hewlett-Packard Co 34.76 0.93 2.75%
AT&T Inc 34.71 -0.36 -1.03%
Microsoft Corp 46.90 -0.52 -1.10%
Data as of May 22
Sponsors

Sections

The record airbag recall and the GM ignition switch recalls has resulted in a huge percentage of cars on the road today having been recalled. More

The True Cost, a new documentary, chronicles the evils of the clothing industry and asks us to stop buying so much cheap stuff More

Sarah Kauss launched S'well to rid the world of plastic water bottles. In five years, she's sold 4 million of her stainless steel bottles. More