Bill Gates is named world’s richest person again

Bill Gates has been named the world's richest person for 16 of the last 20 years...

Bill Gates is named world’s richest person again

Bill Gates has been declared the richest man in the world for the 16th time by Forbes magazine’s annual ranking of global billionaires. The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot. Mr Gates’ net worth rose by just over $3bn in the year to 13 February, to $79bn. There are a record 1,826 billionaires in the world, Forbes said, an increase of 181 in the past 12 months.

Mr Gates has now been top of the list for 16 of the last 21 years, Forbes added. Legendary US investor Warren Buffett regained third place in the list with a net worth of $72.7bn, from Amancio Ortega, the founder of Spanish fashion chain Zara. Facebook’s Mark Zuckerberg moves up five places in the rankings to number 16, with a net worth of $33.4bn. This is the first time he has been included in the list of the world’s 20 richest people. The youngest billionaire in the world is 24 year-old Evan Spiegel, the co-founder of messaging app Snapchat, with a fortune of $1.5bn.

Source : PTI

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