Bellerbys Economics - Mr Stephenson

Tuesday, July 10, 2007

Bill Gates Dethroned!

According to 'Fortune' magazine, Bill Gates is no longer the world's richest person. That honour now goes to Carlos Slim from Mexico - perhaps best known as being the owner of America Mobil - the mobile phone giant that dominates the whole of South America. His fortune is now estimated at about $68 billion - that's billion, not million.

Bill Gates, meanwhile, is stuck down around $59 billion.

Russia, meanwhile, has 53 billionnaires - the world's fastest growing number - the richest of all being Chelsea owner, Roman Abramovih on $19 billion. Others include Suleiman Kerimov 14.4bn, Vladimir Lisin (steel tycoon), 50, has assets valued at $14.3bn, Vladimir Potanin (metals), 46, is worth $13.5bn, Mikhail Prokhorov (metals), 41, is valued at $13.5bn and Oleg Deripaska (aluminium), 39, is worth $13.3bn.

India has the most billionnaires in Asia with steel giant Lakshmi Mittal worth $32 bn in first place. The other Indians in the list include Mukesh and Anil Ambani of Reliance, Wipro chief Azim Premji, Bharti Group chairman Sunil Mittal and Aditya Birla Group chairman Kumar Mangalam Birla.

China and Hong Kong together have a total of 41 billionaires. Huang Guangyu, 37, the founder of Gome Appliances, worth an estimated $2.3bn (£1.2bn), has topped the latest China rich list.

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