Buffett No Longer World's Richest Man


On Wednesday, Forbes released it’s hotly anticipate list of the world’s richest people and someone stole the top spot from Warren Buffett.

CNBC’s Alex Crippen writes, “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.

Buffett is number two, with $37 billion, a decline of $25 billion from last year's $62 billion, or just over 40 percent.

Mexico's Carlos Slim stays in the top three with $35 billion.

Here’s a list of the billionaires who claimed the 10 top spots as ranked by Forbes.

1. William Gates III
2. Warren Buffett
3. Carlos Slim Helu
4. Lawrence Ellison
5. Ingvar Kamprad
6. Karl Albrecht
7. Mukesh Ambani
8. Lakshmi Mittal
9. Theo Albrecht
10. Amancio Ortega

And ahead of the release CNBC’s Melissa Caruso Cabrerra offered the Fast Money traders a preview. You never know what the traders are going to say – watch the video now!

Got something to to say? Send us an e-mail at fastmoney-web@cnbc.com and your comment might be posted on the Rapid Recap. If you'd prefer to make a comment but not have it published on our website send those e-mails to fastmoney@cnbc.com.

Trader disclosure: On Mar. 11th, 2008, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Najarian Owns (GDX), (MSFT); Najarian Owns (COF) Call Spread, (FCX) Call Spread, (GS) Call Spread, (PCU) Call Spread, (X) Call Spread, (XHB) Call Spread, (GLD) Put Spread; Najarian Owns (MS) & (MS) Calls; Karabell Owns (AAPL), (BHP), (FCX), (FXI), (GOOG), (GLD), (GE), (JPM); Finerman's Firm Owns (MSFT); Finerman's Firm Owns (DNA) & (DNA) Calls; Finerman's Firm Owns (WFC) Preferred; Finerman's Firm Own (RIG); Finerman Owns (WFC) Preferred; Finerman's Firm Is Short (BBT), (IYR), (IJR), (IWM), (MDY), (SPY), (USO)

CNBC.com with wires