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Warren Buffett Loses Title of World's Richest Billionaire
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Executive Producer
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The Forbes 400 list of the richest Americans has just been released, and Buffett's friend Bill Gates, the former Microsoft Chairman, is at the top of the rankings, with an estimated net worth of $57 billion.
That tops Buffett's $50 billion, although he's still number two out of 400 on the Forbes list of the nation's super-rich.
The magazine notes that Berkshire Hathaway shares are down 15 percent since Buffett was named the world's richest billionaire six months ago with an estimated $62 billion. They had soared to an all-time high late last year, lifting him into first place.
WBW: Berkshire's 25% Plunge Has Buffett Bulls Screaming 'Buy'
Since today's list includes only Americans, we're not really sure if Gates is also the world's richest man. We only know that Buffett isn't.
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Meanwhile, Buffett may have to tighten up on his expenditures a bit. Six months ago, he joked with us that he had passed Gates on the wealth list because he "spends less."
Current stock prices:
Berkshire Class A: [US;BRK.A
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Berkshire Class B: [US;BRK.B
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Microsoft: [MSFT
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Data is a real-time snapshot *Data is delayed at least 15 minutes
