Dublin- US financier Warren Buffett has overtaken Bill Gates as the world's richest man, according to Forbes annual billionaire's list, which this year saw Russia, China and India making increasing inroads.
Buffett, the 77-year-old chief of the Berkshire Hathaway holding company, saw his wealth jump from $52 billion last year to $62 billion, pushing Microsoft co-founder Gates into third position after 13 years at the top.
Mexico's telecom mogul Carlos Slim Helu grabbed second place with a tidy nest egg of $60 billion, up from $49 billion last year.
Five Irish businessmen also make the list. Sean Quinn and family come in at number 164 with an estimated fortune of $6 billion. He is followed by John Dorrance 111, ranked 428 and with riches of $2.7 billion and Dermot Desmond who has €2.5 billion and is ranked at 462. Denis O'Brien, with a fortune of €2.2 billion is 553 in the list, while Anthony O'Reilly is placed at 677 with assets worth €1.8 billion.
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