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Forbes Rich List 2005
Review of the world's richest people
according to the Forbes business magazine, 2005
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Forbes Rich List - 400 Richest Americans in 2004 Forbes Rich List - World's Richest People 2005

Bill Gates is still the world's richest man for the eleventh consecutive year with an estimated $US46.5 billion. The gap for the number 1 position is quickly closing though, with investor Warren Buffett coming a close second at $US42 billion.

According to the Forbes business magazine there are now 691 billionaires in the world, which is 104 more than last year when there where just 587 billionaires.

People from all industries and from every region of the world are making their presence know on the rich list in 2005. New entrants have come from Poland, Kazakhstan, Ukraine and Iceland. The weak American dollars has helped many non-US rich increase their fortunes simply by watching the US dollar take a dive in value.

Australia also now has a total of 6 billionaires in the list due to favorable dollar exchanges and the ambitious rich. The media mogul Kerry Packer is Australia's richest man, but the world's 94th richest man at $US5 billion. Ex-pat Aussie media mogul Rupert Murdoch is benefiting from his US citizenship and passion to succeed as he continues to move up the ranks of the world's richest, in position 49 with $US7.8 billion.

The biggest gainer was easily India's Lakshmi Mittal with an amazing increase of $US18.8 billion in 12 months. Another 18 months at that rate and he'll be pushing Bill Gates and Warren Buffett aside to take the number one position! The UK based steel tycoon is now in third position with an estimated $25US billion. He doesn't mind spending a little either, with a recent purchase of a 12 bedroom residence in London for $US100 million.

The biggest loser was the Russian oil billionaire Mikhail Khodorkovsky. The Russian government and Khodorkovsky just haven't been getting along too well lately, which has resulted in him being imprisoned and losing $US12.8 billion this year.

Other notables include Lifestyle guru Martha Stewart that was recently released from prison for insider trading. Her prison sentence had the opposite affect to Russia's Mikhail Khodorkovsky, as her wealth increased while she was inside. Stewart makes her entrance to the Rich List with an estimated $US1 billion. She went into prison with an estimated $US350 million and came out a billionaire, but still remains under house arrest.

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ING Savings Account Review - American Rich List 2004

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Forbes Top 20 Forbes Top 10

Ten Richest People in the world in 2005 according to Forbes business magazine.

1. Bill Gates, United States,$46.5, Microsoft
2. Warren Buffett, United States, $44, Berkshire Hathaway
3. Lakshmi Mittal, India, $25, steel
4. Carlos Slim Helu, Mexico, $23.8, telecom
5. Prince Alwaleed Bin Talal Alsaud, Saudi Arabia, $23.7, investments
6. Ingvar Kamprad, Sweden, $23, Ikea
7. Paul Allen, United States, $21, Microsoft
8. Karl Albrecht, Germany, 85, $18.5, supermarkets
9. Larry Ellison, United States, $18.4, Oracle
10. S. Robson Walton, United States, $18.3, Wal-Mart