Who Is The Richest Person In the World?

Who Is The Richest Person In the World?

May 17, 2013 Updated May 17, 2013 at 1:05 PM EDT

Bill Gates is back on top. ... of the list of the richest people in the world.

According to a report from Bloomberg this week, the 57-year-old Microsoft co-founder is once again the richest person the world, wresting the top spot away from Mexican businessman Carlos Slim in the Bloomberg Billionaires Index.

Gates, who last held the top spot in 2007 according to Bloomberg, has a net worth of $72.7 billion. Slim's fortune checks in just a few hundred thousand dollars less at $72.1 billion.

According to a report from Forbes, Gates' ascension to the top spot is fueled in part by the expected upcoming release of a new Xbox gaming console.

Rounding out the top five on the Bloomberg list are: No. 3 Warren Buffett ($59.7 billion; chairman and CEO of publicly traded holding company Berkshire Hathaway), No. 4  Amancio Ortega ($56 billion; Spaniard owns 59 percent of clothing retailer Inditex) and No. 5 Ingvar Kamprad (Swede controls furniture retailer Ikea).

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