Forbes has released the latest list of the richest people on the planet Earth, and Bill Gates is no longer the World’s richest man, that title now sits on the head of Mexican telecom tycoon, Carlos Slim Helu.

According to the latest Forbes report, Carlos Slim is the riches man followed by Bill Gates and Warren Buffet. Carlos Slim has a net worth of $53.5 billion, followed by Bill Gates with a net worth of $53billion and Warren Buffet at $47 billion.

Considering that Microsoft is in the process of launching new technologies later this year, including Office 2010 and Windows Phone 7, we will definitely see a role reversal in the next year’s Forbes ranking, or will we?

[via Business Insider]