news.bbc.co.uk/2/hi/business/4276302.stm
Microsoft boss Bill Gates kept top spot for a 12th year, and widened the gap on investment guru Warren Buffett. Paul Allen, a Microsoft co-founder with Gates was third, followed by comp uter group founder Michael Dell and Larry Ellison, head of Oracle softwa re. The other five names in the top 10 came from the Wal-Mart owning Walton f amily. To make this year's list of the top 400 fortunes in the US a minimum net worth of $900m was required - up from $750m last year. The top rankings were little changed over the past year, however the net worth of the 400 rose a combined $125m. Forbes said Mr Gates's financial strategy was that he "diversifies method ically, selling 20 million shares every quarter, reinvesting through Cas cade Investment". As well as his vast Microsoft stockholding he has "big stakes" in Canadia n National Railway, Republic Services, and interestingly Berkshire Hatha way - which is controlled by Mr Buffett. Search engine Legendary investor Warren Buffett runs the Omaha-based holding group Berk shire Hathaway. Famous for his long-term investments in what Mr Buffett identifies as und ervalued companies, the so-called "sage of Omaha" has delivered decades of above average returns to his shareholders and himself. Microsoft chief executive Steve Ballmer was ranked 11th, and search engin e Google's co-founders Sergey Brin and Larry Page jumped to share number 16 as their fortunes doubled. Among those falling off the list this year was Dreamworks co-founder Jeff rey Katzenberg. Others who came off the list are Teresa Heinz Kerry and Gap founders Dona ld and Doris Fisher, who are replaced by their heirs Overseas connections The only UK-based American in the list, is Louis Bacon, who founded Wall Street-based investment group Moore Capital. Mr Bacon lives in London and comes in at 346th place with a net worth of $1bn (558m). Polish-born Barbara Piasecka Johnson is the top ranking American living i n Europe. Australian-born media tycoon Rupert Murdoch is in 32nd place, down from 2 7th place last year. He became a US citizen in the 1980s, a move that allowed him to buy US te levision stations.
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