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by Ishita Sood - November 12, 2009 - 0 comments

New York, November 12 -- Bill Gates, one of the world’s richest men and founder of Microsoft, said Wednesday that Wall Street compensation is “often too high” and further bids to regulate pays could rebound.

by Ayurdhi Dhar - October 1, 2009 - 1 comments

New York, October 1 -- Bill Gates has topped the Forbes list of billionaires, while the economic meltdown effected the rich, and tore down their assets.

by Natalie James - July 2, 2009 - 0 comments
angy.jpg

Los Angeles, July 2: Angelina Jolie has been named Hollywood’s top earning actress by Forbes magazine. The raging beauty has made a staggering $27 million in the past year, the magazine estimates.

Submitted by Shruti Sharma on Thu, 03/12/2009 - 06:37. ::

New York -- The global economy was so bad the past year there are 332 fewer billionaires in the world and those who are left are 23 percent poorer, Forbes magazine says.

They're still pretty wealth, though. Their average net worth is $3 billion and their collective worth is $2.4 trillion.

A year ago there were 1,125 billionaires. Now there are 793 -- a 30 percent drop, the business magazine reported Wednesday. It is the first time in six years there has had a net loss in the number of billionaires.

Forbes notes 373 names are gone from this year's list of the richest rich, with 355 the result of financial reversals and 18 who died. Another 38 names on this year's list are newcomers and another three are back on after rebounding.

Who's the richest of the rich? Bill Gates lost $18 billion but still reclaimed the top spot from his buddy, Warren Buffet, who fell to No. 2 after losing $25 billion, Forbes estimates.

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