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Bill Gates no longer americas richest

Bill Gates had been number 1 on the Forbes list for 15 consecutive years, but now Warren Buffett has overtaken Bill Gates to become the richest American in the Forbes 400 list. But as Gates has now officially retired it is not really detrimental to form.

Warren Buffet, The Berkshire Hathaway Inc chairman added a staggering $8 billion to his net worth in a 33-day period, August 29 to October 1, to reach $58 billion, the agency said, citing the magazine.

Buffett overtook the Microsoft Corp co-founder, whose net worth declined $1.5 billion to $55.5 billion during the 33-day period, the agency said.

This is a big change for Mr Gates, as he has held the number one spot on the Forbes list for 15 years in a row, but he has retired now.

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