“Bill Gates, founder and chairman of Microsoft Corp., is the world’s richest person for the seventh consecutive year with a net worth that has risen to $46.6 billion, according to Forbes magazine. Gates, whose company is the world’s largest computer-software maker, saw his net worth increase 14 percent over the past year, the magazine said. Investor Warren Buffett was second on the annual Forbes list of billionaires. His net worth climbed $12.4 billion, or 41 percent, to $42.9 billion,” Bloomberg reports.

“A recovery in the global economy helped add $500 billion to the total net worth of the world’s 587 billionaires, making them collectively worth $1.9 trillion, Forbes said. Buffett’s increase was the biggest of any of the billionaires, as he closes the gap with Gates, the magazine said,” Bloomberg reports.

Apple and Pixar CEO Steve Jobs places in a fifteen-way tie at number 262 on the list with an estimated $2.1 billion.

Full list here.