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.