Warren Buffett has lost the title of "World's Richest Billionaire" along with $25 billion dollars in the wake of the global financial crisis.
The 2009 rankings, just released by Forbes magazine, put Microsoft founder, and Buffett bridge partner, Bill Gates in the top position with an estimated wealth of $40 billion. That's a drop of $18 billion from last year's $58 billion, when Gates was number three.
Buffett is number two, with $37 billion, a decline of $25 billion from last year's $62 billion, or just over 40 percent. Forbes notes that Berkshire Hathaway's stock is down 45 percent over the twelve months.