Yahoo bid knocks Bill Gates from global rich list

Microsoft's unsolicited US$44.6 billion bid to take over Yahoo has helped push Bill Gates off his perch atop Forbes' rich-list, ending his unbroken 13-year run as the world's richest human.

According to Forbes, Microsoft shares fell 15 percent between 31 January -- the day before it announced its bid for Yahoo -- and 11 February, when Forbes took its snapshot of share prices for the 2008 World's Billionaires list.

Forbes believes the outgoing Microsoft chairman is now worth US$58 billion -- up US$2 billion from a year ago and enough to take bronze in the global fat-cat stakes. Top of the list is Warren Buffett, Gates' sometimes bridge partner and chairman of holdings company Berkshire Hathaway, who has a fortune estimated at US$62 billion, up US$10 billion from a year ago.

Number two in the world is Mexican telecoms billionaire Carlos Silm Helu, worth an estimated US$60 billion. The rest of the top 10 includes metal moguls, an Indian real-estate giant and the founder of Ikea, Ingvar Kamprad.

Oracle chief Larry Ellison made it to number 14 on the list, with US$25 billion to his name. Ellison has dropped three places since last year, despite being $3.5 billion richer.

Setting out his own stall on billionaire's row is Mark Zuckerberg, chief executive of social-networking site Facebook.

Zuckerberg earned the accolade of being the world's youngest billionaire, with his relatively modest US$1.5 billion at 23 years of age. Forbes speculated that Zuckerberg "might just be the youngest self-made billionaire in history", adding that 2008 is "a record-breaking year for young billionaires".

Talkback 0 comments

Latest Videos

Sponsored content

Power Centre - Content from our premier sponsors

Blogs

  • Brad Howarth The key Topik is always money
    One of the big problems of the internet is that is practically impossible to keep up-to-date on preferred topics. You can limit your sources, but this can mean missing a lot of valuable data.
  • Array Google open-sources JavaScript tools
    Google announced overnight the release and open-sourcing of a trio of tools designed to help JavaScript developers.
  • Array Do we need the legislative blackmail?
    Virtually everyone in the telecommunications industry has their say in the Senate Standing Committee's public hearing into the pending legislation to split up Telstra, in this week's Twisted Wire podcast.
  • More blogs »

Tags

Back to top

Featured