Thursday, March 06, 2008

New world's richest man

US investment guru Warren Buffett has ousted his friend and occasional bridge partner Bill Gates as the world's richest man, Forbes magazine says.

The Microsoft co-founder had topped the Forbes business magazine's rich-list for the past 13 years.

Mr Buffett's wealth increased by $10bn (£5bn) last year to $62bn.

Mr Gates's fortune climbed by $2bn during the same period, dragging him down to third on the list with a fortune of $58bn.

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