Mexican tycoon Carlos Slim holds on to his place as world’s richest man

Mexican tycoon Carlos Slim remains the world’s richest man for the fourth year in a row, according to Forbes magazine.

Warren Buffett dropped out of the top three for the first time since 2000.

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And Facebook’s Mark Zuckerberg saw his ranking drop 31 spots as his net worth declined by $4.2bn.

A record 1,426 people around the world made the US magazine’s latest annual count of billionaires, up 16 per cent from last year. Their average net worth was $3.8bn, rising three per cent from 2012. The total net worth for the list’s billionaires was 5.4 trillion dollars, compared with 4.6 trillion dollars a year ago.

The US continued to be home to the most billionaires in the world, with 442 of them. It was followed by the Asia-Pacific region, with Europe rounding out the top three.

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There were 210 new faces on the list, with Forbes saying many were helped by rebounding equity markets and strong consumer brands.

Mr Slim’s net worth increased to $73bn from $69bn a year earlier. Bill Gates of Microsoft held on to second place with a net worth of $67bn.

Mr Buffett slipped to the fourth spot with a $53.5bn net worth. He was surpassed by Spanish clothier Amancio Ortega, who jumped two spots from 2012.

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