Warren Buffett Replaces Bill Gates As Richest Man According To Forbes

The Forbes magazine's annual list of the super rich puts his fortune at 62 billion dollars.

Mexican telecom magnate Carlos Slim Helu is second richest man with 60 billion dollars. Mr Gates, who topped the list for 13 years, can now only manage third place with assets worth an estimated 58 billion.

“Even though he is giving away a piece of his fortune each year, the stock of Berkshire Hathaway, the source of Warren Buffet’s wealth, has been rising very rapidly,” Chief Executive of Forbes Magazines Steve Forbes said, noting Buffett’s fortune climbed $10 billion in the last calendar year.

Buffett in June 2006 announced plans to give 85 percent of his fortune away, granting it to the Bill & Melinda Gates Foundation and four family charities. Bill Gates serves on the board of directors of Berkshire Hathaway and is a long-time bridge buddy of Buffett’s. Gates has also given a substantial amount of his fortune to the foundation.

According to reports from Radio Netherlands and Impact Lab