US financier Warren Buffett dislodged Bill Gates from the Wolrd"s Richest Man according to Forbes annual Billionaire's list. The year also saw India , Russia and China making deep inroads in to the Billionaire's club. Moscow also went a step higher to become worlds billionaire capital. Moscow now has more Billionaire than even New york city.
Mexican telecoms tycoon Carlos Slim came close second with 60Billion US dollars. Bill Gates who occupied the first position un changed from 1995 .
Warren Buffet who is called sage of Omaha occupies the first position at a time when he is siphoning off a significant portion of his wealth to charity. His Berkshire Hathaway corporation shares going strong contributed to his growing wealth.In 2006 June Buffet announced his plans to allocate 85percent of his wealth to Bill & Melinda Gates foundation and some family Charities. Bill is on the board of his Berkshire Hathaway and a close friend of him for years.
By nationality US comes first with Russia displacing Germany from the second place.Third placed India saw a big jump to the fortunes with 53 billionaires. There are 4 Indians in the Top ten itself.
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