Bill Gates named world richest person for the 16th time in 21 years

Bill Gates
                    
 
Bill Gates has been declared the richest man in the world for the 16th time by Forbes magazine's annual ranking of global billionaires.He has been named world richest person for the 16th time in 21 years.
The Microsoft founder once again beat Mexican businessman Carlos Slim to the top spot.

Mr Gates' net worth rose by just over $3bn (£1.94bn) in the year to 13 February, to $79bn.

There are a record 1,826 billionaires in the world, Forbes said, an increase of 181 in the past 12 months.
Legendary US investor Warren Buffet regained third place in the list with a net worth of $72.7bn, from Amancio Ortega, the founder of Spanish fashion chain Zara.

Forbes 2015 ranking of richest people:
1. Bill Gates $79.2bn (Microsoft)

2. Carlos Slim Helu $77.1bn (Phones and construction in Mexico)

3. Warren Buffett $72.7bn (Global investor)

4. Amancio Ortega $64.5bn (Zara and other fashion chains)

5. Larry Ellison $54.3bn (Oracle data storage technology)

6. Charles Koch $42.9bn (Industrialist)

7. David Koch $42.9bn (Industrialist)

8. Christy Walton $41.7bn (Walmart retail giant)

9. Jim Walton $40.6bn (Walmart retail giant)

10. Liliane Bettencourt $40.1bn (L'Oreal cosmetics firm)

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