World News

Forbes: Mexico's Carlos Slim is World's Richest Man

Mexican telecommunications magnate Carlos Slim and American computer mogul Bill Gates are again the two richest men in the world, according to Forbes magazine.

Just like last year, Slim and Gates top the magazine's annual list of the world's billionaires.

Forbes says Slim is worth $73 billion and Gates is worth $67 billion. Spanish fashion executive Amanico Ortega is third with $57 billion, followed by American investment banker Warren Buffett and U.S. technology tycoon Larry Ellison.

Forbes says Asia's richest man is Hong Kong industrialist Li Ka-shing. He is in eighth place on the list with $31 billion.

The magazine says there now are 1,426 billionaires in the world, all worth a combined $5.4 trillion. Most of them live in the United States.

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