Warren Buffet Overtakes Bill Gates Once More On Forbes 400 List

Fri, 10 Oct 2008 08:43:20 +0000
AHN Staff

New York, NY (AHN) - Fortune Magazine will issue another list of the top 400 billionaires in the U.S. for its Oct. 27 issue as the global credit crisis has changed rankings.

Second placer Warren Buffet, chairman of Berkshire Hathaway, regained the top spot from Bill Gates after an additional $8 billion was included in his net worth in a span of 33 days, covering the period Aug. 29 to Oct. 1. With the recomputation, Buffet's net worth reached $58 billion.

Microsoft founder Gates, who has stayed on the number one spot for 15 straight years, slipped to second place after his net worth went down by $1.5 billion to $55.5 billion for the same 33-day period.

The biggest drop was by Las Vegas Sands Corporation chief executive Sheldon Adelson, whose net worth dipped by $4 billion after he lost over $1 billion during the credit crisis. Another loser was Dish Network Corp. chief executive Charles Ergen, whose net worth fell $2.2 billion to $5.9 billion.

The revision comes just over a month since Forbes last issued the top 400 list on its Sept. 17 issue.

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