Bill Gates has returned to the top of Forbes magazine's annual list of the world's richest people, as rising stock markets swelled the ranks of billionaires. Gates reclaimed the title from telecom mogul Carlos Slim Helu of Mexico, who ranked No. 1 for the past four years, according to the 28th Annual World's Billionaires Issue released by Forbes on March 03, 2014. A record 1,645 billionaires with a total net worth of $6.4 trillion made Forbes' list, up from 1,426 last year. That record breaking number is up from $5.4 trillion last year. Bill Gates is back on top after a four-year hiatus, reclaiming the title of world’s richest person from telecom mogul Carlos Slim Helu of Mexico, who ranked No. 1 for the past four years. Gates, whose fortune rose by $9 billion in the past year, has held the top spot for 15 of the past 20 years. Spanish clothing retailer Amancio Ortega (best known for the Zara fashion chain) retains the No. 3 spot for the second year in a row, extending his lead over Warren Buffett, who is again No. 4. [Source:
http://www.thedailystar.net/bill-gates-reclaims-top-billionaire-position-14018]
Sayed Farrukh Ahmed
Assistant Professor
Faculty of Business & Economics
Daffodil International University
