Buffett slips to third in rich list, Gates off top

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Microsoft boss Bill Gates has lost his place as the world's richest man, knocking veteran investor Warren Buffett into third spot.

Mexican telecoms magnate Carlos Slim has been named the world's richest. Slim's fortunes rose by £18.5bn last year to £35.8bn, ending the US's 16-year domination of the list's top spot. Slim beat Gates (£35.4bn) and Buffett (£31.4bn) on the Forbes' list of 10-figure titans. After a tough 2009, 332 names fell off the list, but the total number of billionaires rose from 793 to 1,011. Although a spokesman for Slim refused to confirm the estimate, he said: "We're pleased that Slim has been considered the best businessman of the world. It means there is trust among the investors." T...

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