After 13 years as the world's wealthiest man, Bill Gates has dropped to number three on the Forbes List of Billionaires, below top ranked Warren Buffet and number two ranked Mexican telecom Tycoon Carlos Slim Helú.
Reportedly at $62 billion, Buffet's fortune jumped by $10 billion since last year's ranking. Gates, who is now worth $58 billion saw just a $2 billion increase. Helú's $60 billion fortune has increased by $11 billion since last year.
Rounding out the list of the top five were, Lakshmi Mittal, head of the world's largest steelmaking company ($45 billion) and Mukesh Ambani ($43 billion), Asia's richest resident, who is building a 27-story home in India. Find the complete list of the world's billionaires on the Forbes website.
