The Microsoft founder Bill Gates has been named as the richest man in the world for the 16th time by Forbes Magazine.<br /><br /> By their ranking Gates’ fortune comes in at 79.2 billion dollars.<br /><br /> Mexican telecommunications and construction entrepreneur Carlos Slim is second on the list with 77.1 billion.<br /><br /> US stellar investor Warren Buffet is in at third with 72.7 billion and fourth is clothing chain Zara owner, Amancio Ortega from Spain, with a mere 64.5 billion. <br /><br /> The highest ranking woman on the rich list is Cristy Walton, the widow of John Walton, one of the heirs to the Wal-Mart retail empire. <br /><br /> Forbes magazine says there are now a record 1,826 billionaires in the world, an increase of 181 over the past year.
