Carlos Slim, the Mexico's telecoms magnate is on top...

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Carlos Slim: Richest in the world for the second year running

Forbes magazine has revealed the wealthiest people in the world and Mexico's Carlos Slim, the telecoms magnate, tops the list for the second consecutive year.
His fortune grew by more than a third to $20.5bn (£12.65bn) to $74bn, beating Microsoft founder Bill Gates ($56bn) and investment guru Warren Buffett ($50bn) who are second and third respectively.
And in good news for all those struggling in the face of austerity - the rich have got even richer.
There is a record 1,210 billionaires according to Forbes, adding 200 more to the list from last year.
The US has the most amount of billionaires, with 413. Asia, for the first time in a decade, has more billionaires on the list than Europe, with 332 against 300.
China has 115 billionaires and Russia has 101 – Moscow is now home to more billionaires than any other city in the world.
Moscow has 79 billionaires and Russia has the most in Europe. Germany has the second most in Europe with 52.

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