Bill Gates back as the richest man in the world

May 18, 2013 01:51

Bill Gates has regained his title as richest man in the world after five years out of the top spot, beating Mexican billionaire Carlos Slim.

The net worth of Gates, founder of Microsoft and co-chair of the Bill and Melinda Gates Foundation, hit a five-year high on Thursday at $72.7 billion, topping that of Slim, 73, according to Bloomberg Billionaires Index.

Gates last held the title, which has also been held by Berkshire Hathaway chairman and CEO Warren Buffett, five years ago.

Though Gates, 57, is still chairman of Microsoft, he only owns about 5 percent of it, reports Forbes.

Microsoft shares are up 28 percent this year.

Bloomberg figures that Gate's fortune has risen 15 percent this year.

Slim's net worth has dropped about $3 billion due to regulatory issues with his company, America Movil SAB, the largest mobile-phone operator in the Americas, according to Bloomberg.

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