Who are the richest people in the world?

Who is the richest man on earth right now? It is Warren Buffet. It is not Bill Gates any more. Bill Gates is worth $58 billion. Here are the list of world richest people who got billions of dollars. Their money can buy any pretty much anything they like in the world. They are billionaires, not millionaires: 1. Warren Buffett 2. Carlos Slim Helu 3. William Gates III 4. Lakshmi Mittal 5. Mukesh Ambani 6. Anil Ambani 7. Ingvar Kamprad 8. KP Singh 9. Oleg Deripaska 10. Karl Albrecht 11. Li Ka-shing 12. Sheldon Adelson 13. Bernard Arnault 14. Lawrence Ellison 15. Roman Abramovich 16. Theo Albrecht 17. Liliane Bettencourt 18. Alexei Mordashov 19. Prince Alwaleed 20. Mikhail Fridman

Warren Buffet is worth $62 billion as of May 2008. Can you believe last year he was worth $52 only? How did Warrent Buffet make this much money? He made billions of money last year just like he has always beeen - by investing money in stock markets. His company Berkshire Hathaway owns and manages stocks worth billions of dollars. The second richest is mexico business giant Carlos Slim, who owns the major telecom company in Mexico. Carlos Slim Helu is worth $60 billion right now. He is a son of a Lebanese immigrant. He made a lot of money first time in 1990 when he bought fixed line operator Telefonos de Mexico (Telmex) in a privatization. Of course, Bill Gates run the company Microsoft that builds software for your computers. He is now the third richest person in the world.

And then there are some youngest billionaires. Although their billion dollar fortune doesn't as near to double digit, their young age makes them prety unique and make people think about what do they really do to make that huge amount of money. Here is a disclaimer then - some of these young billionaires inherited money and living on them, while others inherited and made the inherited money larger by investing and doing businesses. While there are others who make all the billions from the start by their own hardwork and talent. So here is the list of young billionaires:

John Arnold who is 34 years old now is worth $1.5 billion and is self-made. He became an oil trader for Enron, supposedly earning $750 million for the company in 2001, when he was just 27. He went into business for himself after Enron collapsed a year later. Today he runs hedge fund Centaurus Energy. The Ukraine's youngest billionaire, Kostyantin Zhevago, was only 19 when he started out as a finance director at a bank. He later gained a majority stake in its holding company. Today the 34-year-old is worth $3.4 billion and is a deputy in Ukraine's parliament. Chinese guy named Xiaofeng Peng, age 33 is worth $2.5 billion. He is a self-made billionaire as well. The relative youngster got into solar energy only in 2005. Two years later, he took his company, LDK Solar, which makes silicon wafers used in solar panels, public on NYSE Euronext. Then we have Shivinder Singh from India, who is only 32 years old. He inherited $2.5 billion. He and his older brother Malvinder are both Duke University grads, inherited control of generic drug maker Ranbaxy Laboratories. Malvinder heads Ranbaxy, while Shivinder runs hospital chain Fortis Healthcare, which went public in 2007.

Did you know that Google Inc. co-founders Sergy Brin and Larry Page are worth $18.7 billion and $18.6 billion respectively. They debuted as millionaires at ages 30 and 31. I don't think they are single; they both are either married or are in a relationship. But if you are in a hunt for billionaire bachelors, you will find plenty. However more than likely be ready to sign up for a prenup agreement before you even think you have a hope.

Do you want to know where the billionaires live? What city has most billionaires? Then here is the list of cities that has more billionaires than anywhere else in the world: Tokyo, Japan and Dallas Texas each has 15 billionaires. San Franciso, California has 19 and Mumbai India has 20 billionaires. Los Angeles California has 24 billionaires living there, and Hong Kong has 30. Istanbul Turky has 34, London Uk has 34, New York new york has 71 and Moscow Russi has 74 billionaires living in the city.