Mr. Warren Buffett is the world's 3rd richest person
Bill Gates is once again the world's richest man. The 57 year-old co-founder of Redmond, Washington - based Microsoft Corp recaptured the title from Mexican investor Carlos Slim recently.
Bloomberg Billionaires Index..!
According to the Bloomberg Billionaires Index, as the software maker hit a 5 year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at $ 7270 Crore, up 16% year to date.
Mr. Slim's America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico's Congress passed a Bill that could quash the billionaire's market dominance. That's helped erase more than $ 300 Crore from the 73 year-old tycoon's net worth.
"When they are talking about reform in a country that's generally poor, and the guy shows up No. 1 on the list - not a good thing," said Mr. Greg Lesko, MD, New York-based Deltec Asset Management LLC, which oversees $ 75 Crore and has an "underweight" position in Slim's flagship company. "He's had a pretty good monopoly situation in Mexico, and the Mexican cellphone user has been paying more than he should. We applaud it for the country."
America Movil has 70 per cent of Mexico's mobile-phone subscribers and 80 per cent of the country's landlines.
Microsoft shares have surged 28% this year, buoyed by cost controls & sales of business and server software amid weak demand for personal computers running the new Windows 8 operating system. Mr. Bill Gates's fortune has also benefited from a rally in stock holdings that include the Canadian National Railway Co and waste-collection company Republic Services Inc.
Gates's donated $ 28 Crore to the Bill & Melinda Gates Foundation.
Warren Buffett
Berkshire Hathaway Inc chairman Mr. Warren Buffett is the world's 3rd richest person with $59.7 billion, according to the Bloomberg ranking. He is $370 crore ahead of Spaniard Amancio Ortega, Europe's wealthiest person.
Google Inc co-founders mr. Larry Page and Mr. Sergey Brin have seen their fortunes rise more than 22% year-to-date as shares of world's most popular search provider have surged. They rank No. 18 and No. 19, respectively.
The Bloomberg Billionaires Index takes measure of the world's wealthiest people based on market and economic changes and Bloomberg News reporting.
Src: BS
