{"id":3407,"date":"2009-03-23T10:00:15","date_gmt":"2009-03-23T14:00:15","guid":{"rendered":"http:\/\/www.AchieveMax.com\/blog\/?p=3407"},"modified":"2013-06-26T15:17:18","modified_gmt":"2013-06-26T19:17:18","slug":"the-billionaire-shuffle","status":"publish","type":"post","link":"https:\/\/achievemax.com\/blog\/2009\/03\/23\/the-billionaire-shuffle\/","title":{"rendered":"The Billionaire Shuffle"},"content":{"rendered":"<p>When you have to settle for a &#8220;single&#8221; at Wendy&#8217;s because the &#8220;double&#8221; will put you over your weekly meal allowance, it&#8217;s nice to discover that our national financial crisis is reigning despair on billionaires as well.<\/p>\n<p>According to Forbes Magazine, last year the world had 1,125 billionaires. Today, there are 793. Somehow $1.4 trillion vanished.<\/p>\n<p>The richest people in the world have gotten poorer, just like the rest of us. This year the world&#8217;s billionaires have an average net worth of $3 billion, down 23% in 12 months.<\/p>\n<p>The world&#8217;s top three richest men have been playing musical chairs the past decade. They&#8217;ve been politely allowing the other two to enjoy the notoriety provided by that #1 position atop the list of the world&#8217;s richest. They seem to patiently wait their turn to return to that coveted position of #1.<\/p>\n<p>This year Bill Gates III lost $18 billion but regained his title as the world&#8217;s richest man. Warren Buffett, last year&#8217;s #1, saw his fortune decline $25 billion as shares of Berkshire Hathaway fell nearly 50% in 12 months. Mexican telecom titan Carlos Slim Hel\u00fa maintains his spot in the top three but lost $25 billion.<\/p>\n<p>If you&#8217;d like a greater, in-depth glance at <a title=\"Bill Gates\" href=\"http:\/\/www.achievemax.com\/blog\/2007\/06\/22\/bill-gates\/\">Bill Gates III<\/a>\u00a0and <a title=\"Warren Buffett\" href=\"http:\/\/www.achievemax.com\/blog\/2008\/08\/04\/warren-buffett\/\">Warren Buffet<\/a>, click on their names for our blog bios. Both have been featured in our series &#8220;<a title=\"Little-known Facts about Well-known Leaders\" href=\"http:\/\/www.achievemax.com\/blog\/category\/business-leaders\/\">Little-known Facts about Well-known Leaders<\/a>.&#8221;<\/p>\n<p>Below you&#8217;ll find a quick overview of the top three richest men and what&#8217;s happened to them over the past year.<\/p>\n<p><strong>#1: William Gates III<\/strong><\/p>\n<ul>\n<li>Net Worth: $40 billion<br \/>\n(Down from $58 billion last year; was #3.)<\/li>\n<li>Source: Microsoft\/U.S.<\/li>\n<li>Age 53. Married, three children.<\/li>\n<li>Software visionary regains title as the world&#8217;s richest man despite losing $18 billion in the past 12 months. Now devoting his talents and riches to the Bill &amp; Melinda Gates Foundation.<\/li>\n<\/ul>\n<p><strong>#2:\u00a0Warren Buffett<\/strong><\/p>\n<ul>\n<li>Net Worth: $37 billion<br \/>\n(Was\u00a0#1 last year, lost $25 billion over the past year.)<\/li>\n<li>Source: Investments\/U.S.<\/li>\n<li>Age 78. Widowed, remarried; three children.<\/li>\n<li>Last year America&#8217;s most beloved investor was the world&#8217;s richest man. This year he has to settle for second place after losing $25 billion in 12 months. Shares of Berkshire Hathaway are down 45% since last March.<\/li>\n<\/ul>\n<p><strong>#3:\u00a0Carlos Slim Hel\u00fa<\/strong><\/p>\n<ul>\n<li>Net Worth: $35 billion<br \/>\n(Was\u00a0#2 last year, lost $25 billion over the past year.)<\/li>\n<li>Source: Telecom\/Mexico<\/li>\n<li>Age 69. Widowed, six children.<\/li>\n<li>Economic downturn and plunging peso shaved $25 billion from the fortune of Latin America&#8217;s richest man.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>When you have to settle for a &#8220;single&#8221; at Wendy&#8217;s because the &#8220;double&#8221; will put you over your weekly meal allowance, it&#8217;s nice to discover that our national financial crisis is reigning despair on billionaires as well. According to Forbes &hellip; <a href=\"https:\/\/achievemax.com\/blog\/2009\/03\/23\/the-billionaire-shuffle\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[],"class_list":["post-3407","post","type-post","status-publish","format-standard","hentry","category-business-briefs"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Billionaire Shuffle - AchieveMax\u00ae Blog<\/title>\n<meta name=\"description\" content=\"The richest people in the world have gotten poorer, just like the rest of us. 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