Gates regains richest title from Buffett

Software czar Bill Gates has regained his position as America's richest person with a networth of $57 billion after losing this place for a few months to his friend and legendary investor Warren Buffett.

In its latest list of the 400 Richest Americans, US business magazine Forbes has ranked Bill Gates on the top, followed by Buffett at the second position with a networth of $ 50 billion.

The last list of the world's richest billionaires, published in March this year, Forbes had ranked Buffett on the top with a networth of 62 billion dollars, followed by Mexican telecom tycoon Carlos Slim Helu at the second and Gates at the third positions with fortunes of $ 60 billion and $58 billion respectively.

While Slim has not been included in the latest list for being a Mexican citizen, both Gates and Buffett have seen their networth taking a dip from the worldwide list. However, the fall is much larger for Buffett at $12 billion compared to $1 billion for Gates. Reuters

Gates and Buffett are followed by Oracle's Larry Ellison ($ 27 billion), Jim Walton ($ 23.4 billion).

Ref: FinancialExpress, Sep 19, 2008.