You choose, we deliver
If you are interested in this story, you might be interested in others from The Journal Gazette. Go to www.journalgazette.net/newsletter and pick the subjects you care most about. We'll deliver your customized daily news report at 3 a.m. Fort Wayne time, right to your email.

Business

  • OPEC seen unlikely to cut output despite oil glut
    VIENNA (AP) — OPEC oil ministers meeting in Vienna today are in a bind. Prices are plunging — and in the short term, the cartel may not be able to do much about it.
  • Toyota recalls more cars for air bag problems
    TOKYO (AP) — Toyota Motor Corp. recalled more than 40,000 vehicles in Japan today as part of a worldwide scare over defective air bags and officials are investigating a new type of air bag problem that could lead to further recalls.
  • Obama's immigration move disappoints businesses
    WASHINGTON (AP) — President Barack Obama's executive actions on immigration left out some of the business community's top priorities, disappointing business leaders who might have stepped up to defend his policies in the face of Republican
Advertisement
At a glance
A list of the top five billionaires in the world and their net worth, according to the latest annual tally by Forbes magazine.
1. Carlos Slim … $73 billion
2. Bill Gates … $67 billion
3. Amancio Ortega … $57 billion
4. Warren Buffett … $53.5 billion
5. Larry Ellison … $43 billion

Forbes lists Slim as world’s richest for 4th year in a row

Slim

– Mexico’s Carlos Slim remains the world’s richest man for the fourth year in a row, according to Forbes, while Warren Buffett dropped out of the top three for the first time since 2000.

And Facebook’s Mark Zuckerberg dropped 31 spots as his net worth declined by $4.2 billion.

A record 1,426 people around the world made Forbes magazine’s latest annual tally of billionaires, up 16 percent from last year. Their average net worth was $3.8 billion, rising 3 percent from 2012. The total net worth for the list’s billionaires was $5.4 trillion compared with $4.6 trillion a year ago.

The U.S. continued to house the most billionaires in the world, with 442 of them.

There were 210 new faces on the list, with Forbes saying many were helped by rebounding equity markets and strong consumer brands.

Slim’s net worth increased to $73 billion from $69 billion a year earlier. Bill Gates of Microsoft Corp. held on to second place with a net worth of $67 billion. Berkshire Hathaway Inc.’s Buffett slipped to the fourth spot with a $53.5 billion net worth. Buffett was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012 with a net worth of $57 billion.

Although Buffett dropped in the rankings, he added $9.5 billion to his net worth – making him the second-biggest gainer of the year. The largest gainer was Ortega, who added $19.5 billion to his net worth.

There were 138 women on the list, up from 2012’s 104. Liliane Bettencourt – whose family owns a stake in L’Oreal – is the world’s richest woman with a net worth of $30 billion.

Advertisement