According to Bloomberg Billionaires Index; a daily ranking of the world's 20 wealthiest individuals, Carlos Slim, a Mexican telecommunications tycoon who controls Mexico's America Movil SAB (AMXL) , is now the richest person on Earth.
The philanthropist's fortune increased 11% this year and his net worth as on the close of markets on March 2nd fell $478.4 million in a day to $68.5 billion meanwhile U.S. moguls Bill Gates and Warren Buffett placed second and third respectively.

WORLD'S TOP 20 BILLIONNAIRES
1) Carlos Slim, Telmex and America Movil – $68.5billion

2) Bill Gates, Microsoft – $62.4billion

3) Warren Buffett, Berkshire Hathaway – $43.8billion

4) Ingvar Kamprad, IKEA -$42.5billion

5) Bernard Arnault, Louis Vuitton – $42.3billion

6) Amancio Gaona, Inditex Group (Zara, Massimo Dutti and Oysho) – $38.8billion

7) Lawrence Joseph Ellison, Oracle Corp. -  $38billion

8) Charles Koch, Koch Industries – $34billion

9) David Koch, Koch Industries – $34billion

10) Eike Batista, EBX Group – $29.8billion

11) Mukesh Ambani, Reliance Industries – $26.8billion

12) Li Ka-Shing, Cheung Kong Holdings, Hutchison Whampoa and Li Ka Shing Foundation – $25.8billion

13) Sheldon Adelson, Las Vegas Sands – $25.7billion

14) Christy Walton, Wal-Mart – $24.9billion

15) Stefan Persson, Hennes & Mauritz – $24.5billion

16) Lakshmi Mittal, ArcelorMittal – $23.6billion

17) Jim Walton, Wal-Mart – $23.4billion

18) Samuel Walton, Wal-Mart – $22.9billion

19) David Thomson, Thomson Reuters – $22.7billion

20) Liliane Bettencourt, L'Oréal – $22.4billion

However, 27 year-old facebook founder, Mark Zuckerberg didn't make the cut.

Source: Yahoo/Dailymail