Personal Money Tips

If you are a regular reader of Personal Money Tips, you’ll know that I usually put up a list of Top 10 Richest people every year. The list is compiled by Forbes magazine, I don’t have the resources to go snooping to get the figures. If you want a longer list, just head on over to Forbes.com for more details.

1 William Gates III, United States $56.0b

2 Warren Buffett, United States $52.0b

3 Carlos Slim Helu, Mexico $49.0b

4 Ingvar Kamprad & family, Sweden $33.0b

5 Lakshmi Mittal, India $32.0b

6 Sheldon Adelson, United States $26.5b

7 Bernard Arnault, France $26.0b

8 Amancio Ortega, Spain $24.0b

9 Li Ka-shing, Hong Kong $23.0b

10 David Thomson & family, Canada $22.0b

No change in the top 5 position but an increase in each persons wealth no doubt. Last year’s Top 10 Richest ranking is here.

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Forbes published a list of top richest people all around the world for 2006. There is no change in the top 2, which is still lead by Bill Gates, followed by Warren Buffett. Changes in the stock market however had reshuffled 3rd position compared to those from last year’s list. The 2006 Top Ten Richest People according to Forbes magazine are as follow:-

1. Bill Gates ($50 billion)
2. Warren Buffett ($42 billion)
3. Carlos Slim Helú ($30 billion)
4. Ingvar Kamprad ($28 billion)
5. Lakshmi Mittal ($23.5 billion)
6. Paul Allen ($22 billion)
7. Bernard Arnault ($21.5 billion)
8. Prince Al-Waleed ($20 billion)
9. The Lord Thomson of Fleet ($19.6 billion)
10. Li Ka-shing ($18.8 billion)

Although I write about the top 10, whatever the ranking, I believe that if you have almost everything you want (that money can buy), then whether you have $50 billion, $30 billion or anything that ends with billion, I don’t think that would make that much different in your lifestyle.

Forbes published a list of the top 10 riches men and woman in the world recently. Here are the top 10 riches men with a short description are as follows: -

No. 1 is William Gates III, better known as Bill Gates, with 46 billion, age 49, from USA. Bill, made his fortune on Windows OS, having a big monopoly of the user friendly OS.

No. 2 is Warren Buffett, 74, USA, specializing in investments a close second with 44 billion. You can read Warren’s investment strategies in his many books.

The 3rd riches man is Lakshmi Mittal, 54, India, manufacturing - 25 billion.

No. 4 is Carlos Slim Helu, 65, Mexico, communications - 23.8 bil

At no. 5 is Prince Alwaleed Bin Talal Alsaud, 48, Saudi Arabia, investments - 23.7 bil

Next at No. 6, we have Ingvar Kamprad with 23 billion. Most people would not know him, but he is the founder and owner of IKEA stores which are world famous.

Paul Allen, Microsoft’s co-founder, comes in at No. 7, with 21 billion. His started the Paul G. Allen Family Foundation, that donates generously to education, art and science causes. Joined buddy Bill Gates in 1975, left the company in 1983 to fight Hodgkin’s disease

At No. 8 is Karl Albrecht, the richest man in Germany, who turned a corner grocery store to supermart giant, Aldi. Now retired.

Another person who made his fortune through software is Lawrence Ellison who co-founded Oracle, worth 18 billion, at No. 9

And coming in at No. 10 is Steven A Ballmer, age 50 who made his money in Microsoft as Chief Executive since 1998.

Isn’t it interesting that one company produce 3 person in the top 10? And of the ten, 4 people are in software. Perhaps software and/or IT related field is the way to go in order to be in the top 10 riches men in the world.

Besides the Top Ten Riches Men here, you might be interested to know about FedEx’s CEO, Fred Smith, who pioneered a whole new industry of overnight delivery.