Forbes is just out with its list of the richest in the world. For the full story and access to the list, click here.
The big news, says Forbes, is that Warren Buffett has pushed his friend Bill Gates out of the top spot after a run of 13 years. Buffett has a fortune of $62 billion and Gates has $58 billion. Mexican telecom tycoon Carlos Slim Helú, whose fortune has doubled in just two years to $60 billion, squeezed in between the two, according to the magazine.
The top Long Islander on the list is James Simons, at #178 with a fortune of $5.5 billion. A mathematician, he's the founder of Renaissance Technologies, which is a hedge fund uses complicated computer models to analyze and trade securities.
--Noel Rubinton