Gates regains richest American title from Buffett

Gates regains richest American title from Buffett
PTI
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First Published: Thu, Sep 18 2008. 04 57 PM IST
Updated: Thu, Sep 18 2008. 04 57 PM IST
New York: Software czar Bill Gates has regained his position as America’s richest person with a networth of $57 billion after losing this place for a few months to his friend and legendary investor Warren Buffett.
In its latest list of the 400 Richest Americans, US business magazine Forbes has ranked Bill Gates on the top, followed by Buffett at the second position with a networth of $50 billion.
The list includes at least four persons of Indian origin - Kavitark Ram Shriram (ranked 281st with $1.7 billion), Amar Bose (ranked 321st with $1.5 billion), Bharat Desai and family (321st with $1.5 billion) and Vinod Khosla (355th with $1.4 billion).
The last list of the world’s richest billionaires, published in March this year, Forbes had ranked Buffett on the top with a networth of $62 billion, followed by Mexican telecom tycoon Carlos Slim Helu at the second and Gates at the third positions with fortunes of $60 billion and $58 billion respectively.
While Slim has not been included in the latest list for being a Mexican citizen, both Gates and Buffett have seen their networth taking a dip from the worldwide list.
However, the fall is much larger for Buffett at $12 billion compared to $1 billion for Gates.
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First Published: Thu, Sep 18 2008. 04 57 PM IST