By Jane Nambi
For the 20th year, Bill Gates has dominated the number one spot as the richest man in America.
The 57-year-old has been named the richest man in America by Forbes Magazine reclaiming the title of world’s richest person from Mexico’s Carlos Slim with a net worth of $72 billion. Gates was seconded by Warren Buffett after adding $12.5 billion to his fortune.
The 400 wealthiest Americans are worth a record $2.02 trillion, roughly equivalent to the GDP of Russia.
Gates’ net worth is up with $72 billion which he gained from Microsoft and other investments. The self-made billionaire has held the title since 1994. He recently gave away $28 billion, most of it to the Bill & Melinda Gates Foundation. He managed to increase his foundation’s efforts to eradicate polio in April, securing $335 million in pledges from six billionaire comrades, including $100 million each from Slim and Mike Bloomberg.
Microsoft shares also increased in late August on news that Steve Ballmer will step down as CEO, but Gates will remain chairman of the software company which he co-founded in 1975 with Paul Allen. His investment firm, Cascade, owns chunks of tractormaker Deere & Co., Canadian National Railway and Mexican Coke bottler Femsa.