For the third time in three years, the world has a new richest man.
Here are the list of Top 20 World's Billionaires in 2010
1. Carlos Slim Helu
Net Worth: $53.5 billion
Source: Telecom
Residence: Mexico
• Telecom tycoon who pounced on privatization of Mexico's national telephone company in the 1990s becomes world's richest person for first time after coming in third place last year. Net worth up $18.5 billion in a year.
2. Bill Gates
Net Worth: $53 billion
Source: Microsoft
Residence: U.S.
• Software visionary is now the world's second-richest man. Net worth still up $13 billion in a year as Microsoft shares rose 50% in 12 months, value of investment vehicle Cascade swelled.
3. Warren Buffett
Net Worth: $47 billion
Source: Investments
Residence: U.S.
• America's favorite investor up $10 billion in past 12 months on surging Berkshire Hathaway shares; says U.S. has survived economic "Pearl Harbor," but warns recovery will be slow.
4. Mukesh Ambani
Net Worth: $29 billion
Source: Petrochemicals, oil and gas
Residence: India
• Global ambitions: His Reliance Industries, already India's most valuable company, recently bid $2 billion for 65% stake in troubled Canadian oil sands outfit Value Creations.
5. Lakshmi Mittal
Net Worth: $28.7 billion
Source: Steel
Residence: India
• London's richest resident oversees ArcelorMittal, world's largest steel maker. Net profits fell 75% in 2009.
6. Lawrence Ellison
Net Worth: $28 billion
Source: Oracle
Residence: U.S.
• Oracle founder's fortune continues to soar; shares up 70% in past 12 months.
7. Bernard Arnault
Net Worth: $27.5 billion
Source: Luxury goods
Residence: France
• Bling is back, helping fashion icon grab title of richest European as shares of his luxury goods outfit LVMH--maker of Louis Vuitton, Moet & Chandon--surge 57%.
8. Eike Batista
Net Worth: $27 billion
Source: Mining, oil
Residence: Brazil
• Vowing to become world's richest man--and he may be on his way. This year's biggest gainer added $19.5 billion to his personal balance sheet.
9. Amancio Ortega
Net Worth: $25 billion
Source: Fashion retail
Residence: Spain
• Style maven lords over Inditex; fashion firm, which operates under several brand names including Zara, Massimo Dutti and Stradivarius, has 4,500 stores in 73 countries including new spots in Mexico and Syria.
10. Karl Albrecht
Net Worth: $23.5 billion
Source: Supermarkets
Residence: Germany
• Owns discount supermarket giant Aldi Sud, one of Germany's (and Europe's) dominant grocers.
11. Ingvar Kamprad and Family
Net Worth: $23 billion
Source: Ikea
Residence: Sweden
• Ikea's reputation under fire. In Russia company fired two top managers for allowing bribes to a power supplier. In France firm is facing an extended workers' strike.
12. Christy Walton and Family
Net Worth: $22.5 billion
Source: Wal-Mart
Residence: U.S.
• World's largest retailer benefited as cash-strapped shoppers looked to discount merchandise at start of economic slump.
13. Stefan Persson
Net Worth: $22.4 billion
Source: H&M
Residence: Sweden
• "Cheap chic" mogul is chairman of Hennes & Mauritz (H&M); promoted son, Karl-Johan, 34, to chief executive in July.
14. Li Ka-shing
Net Worth: $21 billion
Source: Diversified
Residence: Hong Kong
• Betting on recovery, upped stakes in publicly traded conglomerates Cheung Kong and Hutchison Whampoa. Cheung Kong paid $100 million for shares in Russian aluminum maker Rusal ahead of its January Hong Kong public offering. Hutchison Whampoa is attempting to take its telecom subsidiary private for $545 million in cash; awaiting regulatory approval.
15. Jim C. Walton
Net Worth: $20.7 billion
Source: Wal-Mart
Residence: U.S.
• Sam Walton started as J.C. Penney clerk. Opened Benjamin Franklin five-and-dime in 1945; lost lease five years later. Founded Bentonville, Ark., general store with brother James in 1962.
16. Alice Walton
Net Worth: $20.6 billion
Source: Wal-Mart
Residence: U.S.
• World's largest retailer benefited as cash-strapped shoppers looked to discount merchandise at start of economic slump.
17. Liliane Bettencourt
Net Worth: $20 billion
Source: L'Oreal
Residence: France
• Makeup heiress' fortune rebounding with L'Oreal shares.
18. S. Robson Walton
Net Worth: $19.8 billion
Source: Wal-Mart
Residence: U.S.
• Rob has been chairman of Wal-Mart since 1992.
19. Prince Alwaleed bin Talal Alsaud
Net Worth: $19.4 billion
Source: Diversified
Residence: Saudi Arabia
• Net worth of globe-trotting investor and nephew of the Saudi king is up $6.1 billion in the past year.
20. David Thomson and Family
Net Worth: $19 billion
Source: Thomson Reuters
Residence: Canada
• Chairman of Thomson Reuters knocks longtime rival Michael Bloomberg out of top 20.
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