
You knew this was going to happen eventually--Bill Gates prepares to step away from full-time work at Microsoft and suddenly he is on the slippery slope to the poor house.
Well, maybe not the poor house, but he has lost his position as the world's richest man, a title he'd held since 1995. The new world's richest man is Gates' friend and investment mogul Warren Buffett, according to Forbes magazine's annual ranking of the world's wealthiest people, which was released Wednesday. The magazine estimated Buffett's worth at $62 billion, and Gates' fortune not too far behind at $58 billion. But that doesn't mean he only slipped one notch: Carlos Slim, a Mexican telecoms tycoon, came in second with an estimated worth of $60 billion.
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