Gates, Buffett again top list of wealthiest

Published: Friday, March 9 2007 12:49 a.m. MST

Forbes magazine, in its 2007 world rankings, lists philanthropist James Sorenson, left, and businessman Jon Huntsman as Utah's only billionaires.

Tom Smart, Deseret Morning News

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NEW YORK — What could a Chinese dumpling maker and Mexican telecom mogul possibly have in common? They're among a record number of wealthy people who held the title of billionaire over the past year.

The tally of billionaires around the globe reached a high of 946, their combined wealth growing 35 percent to $3.5 trillion, according to Forbes magazine's 2007 rankings of the world's richest people.

The rich cashed in on strong equity markets, real estate and commodity prices worldwide, according to Forbes billionaires co-editor Luisa Kroll.

"It's just been kind of an extraordinary year for markets worldwide," she said.

Leading the list are two men who manage to keep getting richer as they give more and more money away. Microsoft founder Bill Gates ranked No. 1 for the 13th straight year, beating out friend and fellow philanthropist Warren Buffett, chairman of Berkshire Hathaway Inc.

Gates's fortune rose $6 billion to $56 billion last year, while Buffett garnered in an additional $10 billion to boost his net worth to $52 billion.

As usual, Utah boasted two billionaires on the list. Medical devices entrepreneur and real estate developer James LeVoy Sorenson was tied in the 177th spot — down from 174th last year — with an estimated net worth of $4.5 billion.

Jon M. Huntsman, founder of Salt Lake-based chemical company Huntsman Corp., saw his net worth stay the same at $1.6 billion, but his ranking dropped from 486th last year to a tie for 618th this year.

Only five Americans ranked in the top 20, though they account for 44 percent of the overall list.

Breathing down Buffett's neck was Mexican telecom giant Carlos Slim Helu, who added $19 billion to his existing fortune, the largest one-year gain over the past decade. With $49 billion to his name, Helu was just $3 billion shy of the No. 2 spot.

Starbucks Corp. chairman Howard Schultz and former Disney CEO Michael Eisner joined the ranks of the world's richest for the first time, behind new faces Mike Lazaridis and Jim Balsillie, Canadian co-chiefs of Blackberry maker Research In Motion Ltd.

Self-made mogul Li Wei, founder of Synear Food Holding, made the list for the first time along with a dozen other Chinese newcomers. Her company, one of the country's largest producers of frozen food, including sweet and meat dumplings, is an official supplier to the 2008 Beijing Summer Olympics.

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