Thursday, 12 March 2009

Bill Gates is back on top as the world's richest man

Yes, William H. Gates III (Bill Gates to you and me) has reclaimed his title as the man with the most cash to flash as he storms to the top of Forbes list of global Billionaires in 2009 .

No suprise though as it likely that to read this blog post, you're using one or more of the all-pervasive computer products from Microsoft , the company Bill Gates founded.

Still the credit crunch has been a bitter sweet experience for Bill as he lost a staggering $18bn over the year to see his overall wealth drop down to $40bn, but still rising to the title of the richest man in the world as the crunch was even harsher on his rivals.

His rivals, former richest man in the world and investment guru, Warren Buffet ($37bn) and Mexican telecoms Tycoon, Carlos Slim Helu ($35bn) lost even more. Both Warren and Carlos lost $25bn to drop from into positions 2 and 3 respectively.

In these times of want it is a welcome respite to celebrate success, even if a lot of it seems excessive (What the heck do you do with $40bn?)

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