The World's Billionaires 2008 Bill Gates with Microsoft falls!!!!!!!!!!!!!

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alexamder2

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#1 alexamder2
Member since 2008 • 25 Posts
The number 13 has long been considered unlucky by superstitious people around the globe. How fitting, then, that Bill Gates' reign as the world's richest person ends after his 13th year at the top.

Despite being worth $58 billion, $2 billion more than last year, Gates is now just the world's third-richest person, ceding the top spot ranking to his good friend and partner in philanthropy, Warren Buffett, whose net worth jumped $10 billion to $62 billion. (All stock prices and net worth valuations were locked in on Feb. 11.) Ranked No. 2 is Mexican telecom tycoon Carlos Slim Helú, whose fortune has doubled in just two years to $60 billion.

It is certainly a dawning of a new era. But not just because of Gates' fall. The 22nd annual rankings of the World's Billionaires reflects all sorts of upheavals in the list's makeup. Two years ago, half of the world's 20 richest were from the U.S. Now only four are. India wins bragging rights for having four among the top 10, more than any other country.

For the first time ever, the number of billionaires Forbes could identify crossed into four figures, reaching 1,125. The total net worth of the group is $4.4 trillion, up $900 billion from last year. Despite the turbulence in the U.S. markets, Americans account for 42% of the world's billionaires and 37%, of the total wealth; those shares are down two and three percentage points, respectively, from last year.

Sixteen years after the collapse of the Soviet Union, Russia, with 87 billionaires, is the new No. 2 country behind the U.S., easily overtaking Germany, with 59 billionaires, which held the honor for six years.

The rankings include 226 newcomers. Seventy-seven of the new faces come from the U.S., half of whom made their fortunes in finance and investments, including John Paulson and Philip Falcone, both of whom became wealthy shorting subprime debt. Another third of the new billionaires comes from Russia (35), China (28) and India (19). Two of the most noteworthy new entrants are South Africa's Patrice Motsepe and Nigeria's Aliko Dangote, the first black Africans to make their debut among the world's richest. Dangote is also the first-ever Nigerian billionaire.

It is also a record-breaking year for young billionaires, with Forbes finding 50 under the age of 40, 25 of whom are new to the list. Sixty-eight percent of these under-age-40 tycoons built their 10-figure fortunes from scratch, including Google co-founders Sergey Brin and Larry Page; former Enron trader John Arnold, who now runs a hedge fund; India's Sameer Gehlaut, who started online brokerage Indiabulls; and, last but not least, Facebook founder Mark Zuckerberg, who at age 23 might just be the youngest self-made billionaire in history.

Zuckerberg is probably destined to be the most talked about newcomer of the year because of his age and ingenious social-networking site, but there are fascinating entrepreneurs of all ages climbing into the ranks. Some of the more notable ones include China's Gao Dekang, who is one of the world's biggest makers of down jackets and vests; Portugal's Americo Amorim, who turned his grandfather's small cork operation into the world's largest; and Brazil's Eike Batista, who built and lost a gold mining fortune, before hitting it big in iron ore. He is now the world's richest mining billionaire.

With all the rosy news of the past year and the overall gains, it is easy to lose sight of the volatility that has been wreaking havoc on these fortunes on a daily basis for months. For instance, Hong Kong's richest person, Li Ka-shing, lost $5.5 billion of his net worth, all tied to publicly held stocks, in the 37 days between Jan. 4 and Feb. 11.

Meanwhile, mainland China's richest person, 26-year-old Yang Huiyan, fell from $17.3 billion in September to $7.4 billion in the rankings. Google co-founder Sergey Brin's fortune touched $25.5 billion in the past year but is now down to $18.7 billion. Others were hit much harder, falling off the list entirely, including Lehman Brothers chief Richard Fuld and Bear Stearns ex-chief James Cayne (he was sacked), both victims of the world's credit crunch, and Pulte Homes' William Pulte, whose stock collapsed along with the housing market.

What will happen in the next 12 months as we continue our wealth watching? There will likely be some big losers, some big winners and a lot of ups and downs in between. The only certainty is change itself.

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blackngold29

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#2 blackngold29
Member since 2004 • 14137 Posts
That's cool. Too bad it means nothing. He has a butt-load of money, we dont'.
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FireEmbIem

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#3 FireEmbIem
Member since 2008 • 197 Posts

That's cool. Too bad it means nothing. He has a butt-load of money, we dont'.blackngold29

WTF are you talking about? :|

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Led_poison

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#4 Led_poison
Member since 2004 • 10146 Posts
Money is pointless, but its the way our soceity runs
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chicken_slasher

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#5 chicken_slasher
Member since 2008 • 817 Posts
this better not cancel the free 3 years warrenty for my xbox360 ... damn u red ring of death !
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KillaHalo2o9

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#6 KillaHalo2o9
Member since 2006 • 5305 Posts

Money is pointless, but its the way our soceity runsLed_poison

Money is Power.

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Pi-R-Sq

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#7 Pi-R-Sq
Member since 2008 • 411 Posts
Who is number one? did I miss something?
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Big_player

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#8 Big_player
Member since 2004 • 6187 Posts
4.4 trillion between 1,125 people, seems like a huge waste to me. Imagine if a couple trillion of that was donated to help poverty in Africa, every body on that list would still be richer then they'd ever need to be and Africa would be in a lot better shape.
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Shiggums

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#9 Shiggums
Member since 2007 • 21436 Posts
I didn't read all that, but what I can say is who cares? "Oh no, Bill Gates is 3rd place, with $58 billion!" :roll:
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xSIZEMATTER

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#10 xSIZEMATTER
Member since 2008 • 7045 Posts

[QUOTE="Led_poison"]Money is pointless, but its the way our soceity runsKillaHalo2o9

Money is Power.

Money is evil.

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guitarman89

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#11 guitarman89
Member since 2007 • 1485 Posts
Sort of interesting, but this really means nothing to me.
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kruesader

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#12 kruesader
Member since 2006 • 6443 Posts
Warren Buffet is 1st, the second guy is that Slim guy from Mexico(?) (telecommunications)
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B05T0N

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#13 B05T0N
Member since 2007 • 7051 Posts
Can't believe Slim isn't first...
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kirk4ever

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#14 kirk4ever
Member since 2005 • 3543 Posts
[QUOTE="KillaHalo2o9"]

[QUOTE="Led_poison"]Money is pointless, but its the way our soceity runsxSIZEMATTER

Money is GOD.

/bows before MONEY -a.ka. GOD

*fixed

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TheZ3nMan

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#15 TheZ3nMan
Member since 2007 • 2658 Posts

[QUOTE="Led_poison"]Money is pointless, but its the way our soceity runsKillaHalo2o9

Money is Power.

Earlier civilizations did just fine without it, and....wait...*stares at avatar and sig*

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blackngold29

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#16 blackngold29
Member since 2004 • 14137 Posts

[QUOTE="blackngold29"]That's cool. Too bad it means nothing. He has a butt-load of money, we dont'.FireEmbIem

WTF are you talking about? :|

I makes no difference in my life if Bill Gates is the first, third or eight five hundreth richest person in the world.
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B05T0N

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#17 B05T0N
Member since 2007 • 7051 Posts
[QUOTE="FireEmbIem"]

[QUOTE="blackngold29"]That's cool. Too bad it means nothing. He has a butt-load of money, we dont'.blackngold29

WTF are you talking about? :|

I makes no difference in my life if Bill Gates is the first, third or eight five hundreth richest person in the world.


It's just conversation bro. Skip the holier-than-thou attitude.
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-R3Vo

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#18 -R3Vo
Member since 2008 • 1790 Posts
It's almost impossible to be rich in Canada, and as for India; anything basically goes there. Of course they could get rich, probably have dead bodies in their basement too.
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alexamder2

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#19 alexamder2
Member since 2008 • 25 Posts
guys are right money does bring bad things but sadly its how mostly everything runs in this world
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outbreak201

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#20 outbreak201
Member since 2005 • 8372 Posts
meh money is overrated.
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Jinroh_basic

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#21 Jinroh_basic
Member since 2002 • 6413 Posts

That's cool. Too bad it means nothing. He has a butt-load of money, we dont'.blackngold29

lol, touche. what fall? he's half retired and he's still among the top 3.