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Gates back on top of the world

Time: 18:01 EST/23:01 GMT | News Source: The Register | Posted By: Byron Hinson

Last week, the Sunday Times Rich List claimed that Wal-Mart Chairman Robson Walton had surpassed Microsoft Chairman Bill Gates as the most obscenely wealthy person in the known universe, but appears to have neglected to carry a two or somehow misplaced a decimal point in its calculations. Indeed, the Times overestimated Walton's fortune by a stunning $48 billion, Forbes Magazine reckons. The "1.7 billion Wal-Mart shares owned collectively by founder Sam Walton's widow and their four children are in fact split evenly amongst the five of them. With a total value of nearly $87 billion, that leaves them each only $17 billion," the magazine says.

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