Forbes magazine revealed the annual list of the Richest People. Bill Gates is no longer the richest person, Carlos Slim, the Mexican telecommunications billionaire with a net worth of $53.5bn, has been crowned the world's richest person.Recovering financial markets and commodities and strong economic growth from some Asian-Pacific and Latin American economies helped to increase the collective wealth of the worlds richest by $2.4 trillion to $3.6 trillion and the number of billionaires increased from 793 to 1,011. Average net worthrose $500m to $3.5bn.Mukesh Ambani, chief executive of Reliance Industries, landed the number four spot with $29bn, up from seventh. Lakshmi Mittal, owner of ArcelorMittal, secured the fifth spot with $28.7bn. For the first time, China, with 64 billionaires, is the region with the most members outside of the US, which has 403, followed by Russia with 62.
