Bill Gates no longer sits atop the list of richest individuals in the world. While he might not be applying for welfare anytime soon, the irony is that he probably would have retained his slot for a 14th year in a row had Microsoft not bid on Yahoo.
“Microsoft shares fell 15% between Jan. 31, the day before the company announced its bid for the search engine giant, and Feb. 11, the day [Forbes] locked in stock prices for the 2008 World's Billionaires list. More than half of Gates' fortune is held outside of Microsoft shares.”
Investment mogul Warren Buffett nows tops the list followed by the telecom king of Mexico, Carlos Slim.