Bill Gates has once again been bumped out of the top spot on Forbes' rich list.
Forbes has released its list of the richest people on Earth and tycoon Carlos Slim has nabbed the top spot meaning Bill Gates is no longer the richest man in the world. According to Forbes, Bill has been the world's richest man for 14 of the last 15 years previous. The title was awarded to Warren Buffet in 2008, but Bill came back to take the top spot in 2009.
So who's the new guy? Carlos Slim is a 70-year-old Mexican telecoms mogul who placed third on last year's list. Slim boasts a net worth of $53.5 billion and owns a $23 billion stake in America Movil. Shares for AM were up 35 percent in a year and in the last 12 months alone, Slim's fortune has risen by $18.5 billion.
Bill Gates is currently worth $53 billion, up $13 billion in the last 12 months, and Warren Buffet's fortune jumped $10 billion to $47 billion.