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Monday, March 13, 2006
The Billionaires list
FORBES magazine has released its annual list of billionaires and while it confirms what most have long suspected—namely that Oprah Winfrey and George Lucas remain really, really rich—there were a few surprises.
Not so shocking was the name atop Forbes’ list. Microsoft founder and Time cover boy Bill Gates once again secured his position as the world’s wealthiest man, clinching the title for a 12th consecutive time. The computer whiz’s net worth rose from $46.5 billion last year to an all-time high of $50 billion. He also managed to widen the gap between himself and perennial second richest man in the world, investor Warren Buffett, whose personal net worth dropped slightly to $42 billion.
According to Forbes, the number of billionaires in the world rose by 102 to a record 793 in the past year.
Oprah, again, made a strong showing, netting an additional $100 million over the past year and bringing her total tally to $1.4 billion. She was one of just 78 women to make the list and despite her ever-expanding empire and de facto rule of the U.S., the media high priestess ranked just 562nd overall.
Star Wars mastermind George Lucas also made the cut, with his $3.5 billion fortune securing his position at 194.
Forbes ranked each individual based on their private and public holdings, including salary, stocks, investments, and real estate holdings minus any debts the individual owed as of Feb. 13.
For Bisaya stories from Cebu. Click here. (March 13, 2006 issue)
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