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Old 13th April 2008, 01:59 PM
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Gates No Longer World's Richest Man

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Warren Buffett is the richest man on the planet.

Riding the surging price of Berkshire Hathaway (nyse: BRK - news - people ) stock, America's most beloved investor has seen his fortune swell to an estimated $62 billion, up $10 billion from a year ago. That massive pile of scratch puts him ahead of Microsoft (nasdaq: MSFT - news - people ) co-founder Bill Gates, who was the richest man in the world for 13 straight years.

Gates is now worth $58 billion and is ranked third in the world. He is up $2 billion from a year ago, but would have been perhaps as rich--or richer--than Buffett had Microsoft not made an unsolicited bid for Yahoo! (nasdaq: YHOO - news - people ) at the beginning of February.

http://www.forbes.com/2008/03/05/buf...rss_popstories


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Old 13th April 2008, 02:04 PM
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Re: Gates No Longer World's Richest Man

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Originally Posted by Ross
Not new and it won't be an American for long anyway!

With the depreciation of the dollar is likely that Buffet is already no longer in the top spot.
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Old 13th April 2008, 02:16 PM
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Re: Gates No Longer World's Richest Man

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Originally Posted by Rubber Duck
Not new and it won't be an American for long anyway!

With the depreciation of the dollar is likely that Buffet is already no longer in the top spot.

Buffet has been investing in foreign markets to build wealth.

Who is your next prediction?

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Old 13th April 2008, 02:57 PM
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Re: Gates No Longer World's Richest Man

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Originally Posted by Ross
Buffet has been investing in foreign markets to build wealth.

Who is your next prediction?

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Yes, Buffet has been abroad but I would guess that the majority of his holding are still denominated in US pesos. I would guess the Mexican in second position has to be favourite in the short-term but there are 3 or 4 Indians in the chase that are Rupee based and hence likely to beneficiaries of currency realignments.
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