LONDON The head of Wal-Mart, Robson Walton, has bumped
Microsoft's Bill Gates from his perch as the richest person in the
world, The Sunday Times reported.
Mr. Walton, the eldest son of Wal-Mart's founder, Sam Walton,
took the top spot on the paper's list of the world's wealthiest
people. It said he was worth $65 billion, knocking Mr. Gates,
whose worth was estimated at $54 billion, to second place.
No. 3 on the list was the chief executive of Oracle, Larry Ellison,
valued at $42.5 billion, and King Fahd of Saudi Arabia, with
The American investor Warren Buffett placed fifth, with a fortune
estimated at $24.9 billion, followed by Paul Allen, who founded
Microsoft with Mr. Gates and was reported to be worth $24.5
billion. Sheikh Zayed ibn Sultan al Nahyan, emir of Abu Dhabi,
placed seventh, with $22 billion.
The paper said the Duke of Westminster was the richest Briton,
propelled into first place by rising property values in London,
where he owns 300 acres (75 hectares) in the districts of Mayfair
and Belgravia. The Sunday Times put his fortune at £4.4 billion
The second-richest British subject was Hans Rausing, former head
of the Tetra Pak packaging operation, with a fortune £4.2 billion.
Queen Elizabeth II was the 105th richest Briton. The paper said
she was worth £300 million, up £25 million from last year. With
£65 million, J.K. Rowling, author of the phenomenally successful
"Harry Potter" children's books, was the 526th richest person in
Britain, one of 69 women on the list of 1,000 people.