Bill Gates Named World’s Richest Person

Forbes has released its 29th annual list of world’s richest people. The list has a record 1,826 billionaires with a total wealth of $7.05 trillion. The list contains 290 newcomers and of of these, 71 come from China. 46 out of these are under the age of 40 years.

Once again Bill Gates is world’s richest person. Forbes writes that Bill Gates has held this title for 16 of the past 21 years and his riches grew to $79.2 billion. Mexico’s Carlos Slim Helu is at the second position while Warren Buffett is at the third spot.

Facebook‘s Mark Zuckerberg has moved up 5 places and is at the 16th place. This is his first time ranking in the top 20. The youngest billionaire on earth is Evan Spigel, 24- the co-founder of Snapchat.

Exactly how much are the world’s billionaires worth? $7.05 trillion, according to FORBES’ latest ranking — besting last year’s record-breaking $6.4 trillion sum by a hefty $650 billion. The jump is driven in part by 290 newcomers, our biggest freshman class, which helps push the total number of billionaires in the world to 1,826, the highest number we’ve ever recorded.

Top 10 Richest People

VIA: Forbes and Fossbytes