Warren Buffett overtakes Bill Gates as world's richest person: Forbes

NEW YORK: Leading upto his name and fame in the world of stocks legendary investor Warren Buffett has overtaken software czar Bill Gates as well as Mexican Tycoon Carlos Slim Helu to become the world's richest person, as per Forbes' annual list of billionaires.

These three are followed by NRI steel baron Lakshmi Mittal, Mukesh Ambani and Anil Ambani at fourth, fifth and sixth position.

Another Indian businessman K P Singh has occupied the eighth position.

In terms of wealth created in the last one year, Anil Ambani has come on top, followed by his elder brother Mukesh Ambani.

Buffett has been ranked at the top with a net worth of 62 billion dollars, higher than Slim's 60 billion dollars and Gates' 58 billion dollars.

Forbes has put Mittal's net worth at 45 billion dollars closely followed by Mukesh Ambani's 43 billion dollars and Anil Ambani's 42 billion dollars.

Singh has a net worth of 30 billion dollars. The other Indians who have made it to the Forbes list include Ravi and Sashi Ruia and Azim Premji, who have occupied the 43rd and 30th spot with net worth of 15 billion dollars and 12.7 billion dollars respectively.

Besides, the list also has Senapathy Gopalakrishnan, Rakesh Jhunjhunwala and Rahul Bajaj, each with a worth of one billion dolllar.