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Gates re-crowned world's richest bloke

As credit crunch hits poor billionaires
Thursday, 12 March 2009, 11:15

THE CREDIT CRUNCH HAS put Bill Gates back on the top of the Forbes rich-list as the number of billionaires on the planet falls by almost a third.

Gates may be trying to give his money away but he's just not doing it fast enough. His mate Warren Buffett is back in second spot with Mexican telecoms tycoon Carlos Slim in third.

Gates has been in and out of the top spot over recent years, having previously enjoyed a decade or so of uninterrupted world domination.

Bugshot

But the dollar billionaires' club is contacting. By Forbes' reckoning the number of billionaires in US dollar terms has dropped from 1,125 last year to just 793. One ex-billionaire is Facebook founder, Mark Zuckerberg, as analysts decided the not-working site is probably not worth that much after all.

Britain now boasts 25 dollar billionaires down from 35. The Duke of Westminster is still lord of all he surveys, with some $11 billion stuffed under his mattress. Property tycoons David and Simon Reuben are lumped together in second spot with Kate Moss groupie and owner of Top Shop Sir Philip Green, in third. Sadly, Daily Mail boss, Viscount Rothermere is another ex-billionaire.

Most billionaires now have fewer billions than they had last year. Gates' fortune is down $18 billion. Buffett is down $25 billion to $37 billion. Poor Donald Trump is thought to be worth half what he was a year ago. Chelsea football club owner, Roman Abramovich, is down $3 billion to just $8.5 billion

But, while the rich are getting poorer, the poor are gtting poorer still as, somehow, money continues to disappear into black holes.

Some of these holes must evidently be nostril-shaped, as one new entry of the Forbes list is a Mexican drugs baron known as El Chapo.  µ

L'Inq
Forbes

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Comments
but how rich is he?

we'll never know.

posted by : i don't click links, 12 March 2009 Complain about this comment
considerably richer than you

Gates isn't the richest man in the world. Only in our consensus reality he is. The Redshields are considerably wealthier than Bill by a factor of 100 -- and that's a conservative estimate.

posted by : mark larmet, 12 March 2009 Complain about this comment
virtual money

"But while the rich are getting poorer the poor are gtting poorer still as, somehow, money continues to disappear into black holes."

There are no holes; most of money are virtual. It is assumed that all these people will be able to sell all their assets at the market current value.

posted by : virtual_money, 12 March 2009 Complain about this comment
Mosquitos

are not virtual though are they?

Bill & Mel have the right idea.

IMHO

posted by : Richard, 12 March 2009 Complain about this comment
lol Redshields

The redshields (aren't they from a video game) would be an organization, not an individual.

posted by : mike, 12 March 2009 Complain about this comment
Erm

Who exactly is the dollar millionaires club contacting?
;)

posted by : L. Ementry, 12 March 2009 Complain about this comment
Redshields

the redshields are a family.

posted by : Redshields, 12 March 2009 Complain about this comment
spelling it out

God, do I have to spell it out: -Rothschilds. It's German for red shield.

posted by : mark larmet, 12 March 2009 Complain about this comment
Doen't always believe what you read

Bill Gates may be the riches man of a publicly traided company but by no means comes close to being the richest. There are private companies that make profits of well over 100 Billion a year and they do not have the requirment to make public filings like mini MicroSoft publicly traied company does. Im sorry but the richest people talk in trillions of dollars not some poor bloke like Gates who only talks 10's of billions.

posted by : Blip, 13 March 2009 Complain about this comment
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