Carlos Slim is Forbes magazine world's richest man; Warren Buffett drops from top 3
Mexican businessman Carlos Slim Helu, one of the world's richest men, smiles during a panel discussion about Latin America at the Clinton Global Initiative September 27, 2007 in New York.
Copyright Getty Images
Posted: 03/04/2013
NEW YORK (AP) — Forbes magazine says Mexico's Carlos Slim remains the world's richest man for the fourth year in a row, while Warren Buffett dropped out of the top three for the first time since 2000.
A record 1,426 people around the world made the Forbes latest annual tally of billionaires, up 16 percent from last year. Their average net worth was $3.8 billion, rising 3 percent from 2012.
Slim's net worth increased to $73 billion from $69 billion a year earlier.
Bill Gates of Microsoft Corp. held on to second place, but Berkshire Hathaway's Buffett slipped to the fourth spot with a $53.5 billion net worth.
Buffett was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012 with a net worth of $57 billion.
RELATED LINK - Warren Buffett's Berkshire-Hathaway Media Group announced it had purchased the Tulsa World Feb. 25. Mobile readers, click this link to read the story - http://bit.ly/Yt9Isk
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