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For the 17th year in a row, Bill Gates has been named as the richest person in world. He is having diversify investment in Stocks, Bonds, Investment company etc, Its almost like a
mutual fund. The Microsoft Corp. founder’s wealth was estimated at $54 billion, up from $40 billion in 2009. The collective net worth of the 400 billionaires rose by 8% this year, to $1.37 trillion. Wealth rose for 217 members of the list, while 85 saw a decline. With a fortune estimated at $45 billion Warren Buffett, remained No. 2 on the list. On Forbes’ list of the 400 richest Americans, Software tycoon Larry Ellison was in third place and Wal-Mart heir Christy Walton was fourth.