Gates back on top of ‘Forbes’ billionaire list

The surging price of Microsoft shares returned US tech tycoon Bill Gates back to the top of Forbes’ world’s billionaires list, with his $76bn (€55bn) beating Mexico’s Carlos Slim’s $72bn.

Gates back on top of ‘Forbes’ billionaire list

The annual list counted 1,645 men and women as billionaires, with an average wealth of $4.5bn and a collective wealth of $6.4 trillion, up $1tn from a year ago.

Gates, co-founder of the US software firm, showed his staying power at the top — the world’s richest man for 15 of the past 20 years, according to Forbes — despite spending recent years giving away large sums of money to global health and anti-poverty programmes.

Gates owns about 4.4% of Microsoft, making up less than 20% of his total fortune.

But the company’s share price has risen 25% over the past year, and, along with gains in other assets, he has added $7bn to his fortune since a year ago, according to Forbes.

Slim, with a hand in everything from telecommunications (America Movil) to mining, finance and industry (Grupo Carso), to retailing and real estate across the Americas region, was hit in part by sagging markets in South America.

In third was Spain’s Amancio Ortega, whose pockets have filled with profits from fashion: his hugely successful Inditex garment empire, parent of popular high-street chains Zara, Pull & Bear, and Bershka.

More recently, Ortega heavily invested in real estate in Europe and the US. His worth was put at $64bn.

A familiar cast of mega-wealthy filled out the rest of the top 10: US investment guru Warren Buffett ($58.2bn); software group Oracle’s founder and chief executive Larry Ellison ($48bn); US industrialists and brothers Charles and David Koch (each with $40bn); Las Vegas casino king Sheldon Adelson ($38bn); Walmart heiress Christy Walton ($36.7bn) and her brother Jim Walton ($34.7bn).

Together the $507bn held by the top 10 is larger than the entire size of the economy of Norway, or Belgium or Poland in 2012.

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