Is Bill Gates Still The Richest Man on the Planet?
Yes, Bill Gates is still the richest man on the planet, according to the latest ranking by Forbes Magazine, with a net worth of $58.7 billion, but investing guru Warren Buffett, aka "The Oracle of Omaha," slipped past Microsoft's co-founder for second place.
Microsoft's Paul Allen moved behind Mr. Buffett after the net worth of the "Oracle of Omaha" increased to $32.3 billion. Mr. Allen, who was tied with Mr. Buffett for third place last year, has a net worth of $30.4 billion, according to list results.
The billionaire club increased to 538 members this year, up from 482 last year, because Forbes decided for the first time to include all billionaires. Previously, the magazine counted only "working rich" billionaires to differentiate between those who ran businesses and those who simply lived off their wealth. The rankings appear in the July 9 issue of Forbes, which reaches newsstands on June 22.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.