1) The American investor and philanthropist Warren Buffet is worth an estimated $62 billion, up $10 billion from a year ago thanks to surging prices of Berkshire Hathaway stock, according to Forbes magazine's annual ranking of the world's billionaires.
3) Bill Gates, the co-founder of Microsoft, is now ranked as the world's third richest person. At $58 billion, his net worth is up $2 billion from a year ago.
4) Steel giant Lakshmi Mittal placed fourth with 45 billion dollars
5) Petrochemicals tycoon Mukesh Ambani placed fifth with 43 billion dollars
6) Anil Ambani at sixth position with 42 billion dollars
7) Ikea store chain owner Ingvar Kamprad was seventh at $31 billion
8) Property magnate K.P. Singh came in eighth on the list, with a fortune estimated at 30 billion dollars.
9) Aluminum giant Oleg Deripaska was ninth at $28 billion
10) Aldi store chain owner Karl Albrecht was 10th at $27 billion
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This year is also a record-breaking year for young billionaires, with Forbes listing 50 billionaires under the age of 40.
Over half of them are self-starters, including Google co-founders Sergey Brin and Larry Page, and India's Sameer Gehlaut, who started an online brokerage Indiabulls. Facebook founder Mark Zuckerberg, age 23, has been named the youngest billionaire in history.
No. 1: Shawn (Jay-Z) Carter and Beyoncé Knowles
Total: $162 million
Any way you slice it, the chart-topping newlyweds have had a monster year. He banked $82 million by signing a $150 million 10-year recording, touring and merchandising deal with concert promoter Live Nation and releasing his second platinum comeback CD, American Gangster. She raked in $80 million, thanks to an entertainment empire including fashion, film and publishing deals as well as a concert tour that sold $50 million in tickets and endorsement deals with L'Oréal, Direct TV and American Express, among others.
No. 2: Will Smith and Jada Pinkett Smith
Total: $85 million
Though Jada Pinkett Smith's résumé continues to grow, husband Will Smith maintains his role as the family breadwinner. He pulled down $80 million in the year ending June 2008, thanks to another set of top-performing blockbusters: I Am Legend, The Pursuit of Happyness and this past summer's Hancock. She managed to generate a still impressive $5 million during the same period, thanks to roles as an actress (The Women), producer (The Human Contract) and entrepreneur (she has a stake in beauty line Carol's Daughter).
No. 3: David Beckham and Victoria Beckham
Total: $58 million
Conquering fans on both sides of the Atlantic, the power couple pulled down $58 million over the course of the year. Becks' share: $50 million, proving the much-covered move to America has paid off for the British soccer star. Though his Los Angeles Galaxy salary was only $5.5 million, the sum more than doubled when his cut of the team's ticket, merchandise and sponsorship revenues were factored in. He raked in another $35 million from blue-chip endorsement deals with companies like Motorola, Adidas and Coty. His wife, also known as Posh, brought in $8 million, thanks to the $23 million Spice Girls reunion tour and a slew of product lines, including sunglasses, perfume, couture clothing and her DVB jeans line.
No. 4: Tim McGraw and Faith Hill
Total: $35 million
In addition to the big loot country sweethearts McGraw and Hill made on their Soul-2-Soul concert tour, he earned his $23 million from festivals and a double-platinum album, Let It Go. Hill reached $12 million by recording an album, The Hits, and the NFL Sunday Night Football theme song. Every time NBC plays the catchy tune, Hill sees a check
No. 5: Brad Pitt and Angelina Jolie
Total: $34 million
They may not be Tinseltown's richest couple, but they're arguably its most famous. But the tabloid staple couple did more than grab press mentions this year: Jolie appeared on screen in Beowulf and AMighty Heart, while Pitt spent time both in front of the camera (Oceans 13, The Assassination of Jesse James) and behind it (The Private Lives of Pippa Lee, A Mighty Heart and Tree of Life).
No. 6: Judd Apatow and Leslie Mann
Total: $30 million
This joke-slinging duo is laughing all the way to the bank. Mann pulled in an estimated $3 million with a major role in her hubby's blockbuster Knocked Up and the upcoming films I Love You Phillip Morris, 17 Again and Shorts. The triple-hyphenate (writer-producer-director) Apatow raked in $27 million in the same period, thanks to a prolific release schedule that included Superbad, Walk Hard and Forgetting Sarah Marshall.
No. 7: Gavin Rossdale and Gwen Stefani
Total: $28 million
As rock music's prettiest couple, Rossdale and Stefani created a valuable family brand. With a fashion line, an endorsement deal with Hewlett-Packard and an international tour to promote her most recent album, The Sweet Escape, Stefani earned $27 million from June '07 to June '08. Rossdale, former front man of post-grunge powerhouse band Bush, returned to his musical roots with his first solo album, Wanderlust, in June.
No. 8: Keith Urban and Nicole Kidman
Total: $25 million
It has been a big year for this county crooner and his Aussie glamazon wife. She gave birth to their first child, Sunday Rose Kidman Urban, and banked $13 million on the highly anticipated Australia and endorsement deals with Nintendo and Omega. He won a Grammy for Best Male Country Performance in February and earned $12 million from a combination of album sales and receipts from his tour to promote his most recent studio album, Love, Pain & the Whole Crazy Thing.
No. 9: Tony Parker and Eva Longoria
Total: $22.5 million
Point guard Tony Parker and his Hollywood wife Eva Longoria seem to have it all and endorse it all. He made $10.5 million last year playing for the San Antonio Spurs, which he supplemented with endorsement deals with VitaminWater, FedEx, Nike, Electronic Arts and Kelloggs. She earned $9 million from her role on ABC's Desperate Housewives and endorsement deals with L'Oréal, Bebe and Samsung.
No. 10: Harrison Ford and Calista Flockhart
Total: $22 million
Despite Flockhart's recurring role on the ABC drama Brothers & Sisters, Ford out-earned her, thanks to a return to the big screen as Indiana Jones. The 66-year-old actor made $18 million from June '07 to June '08. The actress formerly known as Ally McBeal pulled in $4 million in the same period.
| Rank | Name | Net worth($bil) | |
1 | Lakshmi Mittal  | $45 | |
2 | Mukesh Ambani  | $43 | |
3 | Anil Ambani  | $42 | |
| 4 | KP Singh  | $30 | |
5 | Shashi & Ravi Ruia  | $15 | |
6 | Azim Premji  | $13 | |
7 | Sunil Mittal & family  | $12 | |
8 | Kumar Birla  | $10 | |
9 | Ramesh Chandra | 9.6 |
10 | Gautam Adani  1. William Gates III  want to know more............2. Warren Buffett  want to know more............3. Lawrence Ellison  want to know more............4. Jim Walton  want to know more............5. S Robson Walton  want to know more............6. Alice Walton  want to know more............7. Christy Walton & Family  want to know more............8. Michael Bloomberg  want to know more............9. Charles Koch  want to know more............10. David Koch  want to know more............ | 9.3 |
MLB: Mike Mussina
Starting Pitcher
New York Yankees
2008 salary: $11 million
2005-07 average salary: $13.7 million
Average past three seasons:39-25
4.29 earned run average (ERA)176 innings
Mussina's had a great career; his 254 lifetime wins rank 40th all-time. But his best days ended before his big Yankee contract, with declining innings totals and a winning percentage just a hair better than his team's.
MLB: Brad Lidge
Relief Pitcher
Philadelphia Phillies
2008 salary: $6.4 million
2005-07 average salary: $3.3 million
Average last three seasons:3-4 3.7 ERA
71 innings
After putting up stellar numbers for the Astros from 2003 to 2005, Lidge regressed during the next two seasons. His ERA climbed to 5.28 in 2006, the year his salary jumped to $3.975 million from $500,000. The good news: This year's trade to Philadelphia seems to have revitalized him so far--he hasn't allowed an earned run in his first 15 innings.
Outfielder
New York Yankees
2008 salary: $13 million
2005-07 average salary: $13 million
Average last three seasons:.291
batting average (BA).359 on-base percentage (OBP)
15 home runs (HR)
73 runs batted in (RBI)
The Red Sox aren't two-time World Series champs (2004 and 2007) for nothing. Credit Boston's brain trust for resisting the urge to overpay for the popular-but-fading star after the 2005 season, when the Yankees came waving free agent cash.
MLB: Juan Pierre
Outfielder
Los Angeles Dodgers
2008 salary: $8 million
2005-07 average salary: $5.7 million
Average last three seasons:.287 ,BA.329 ,
OBP2 HR42 RBI
A lead-off hitter with great speed, Pierre has averaged 61 stolen bases over the past three seasons. But that asset is undermined by an abysmal on-base percentage (he's walked just 33 times a year since 2005), let alone his nonexistent power. No wonder Pierre has bounced around with four different teams during a nine-year career.
Outfielder
Seattle Mariners
2008 salary: $17.1 million
2005-07 average salary: $12.5 million
Average last three seasons:.326
BA.372, OBP10 HR,61 RBI
Yes, Ichiro is a hit machine, and people marvel at the way he's racked up over 200 hits each year since entering majors from Japan in 2001. But he doesn't walk much (fewer than 50 in every season but one), making his on-base percentage less than stellar for a lead-off hitter with limited power. He also badly trails other veteran outfielders in extra-base hits. A nice player, but eight-figure singles-hitters only buy so many wins. Only Ichiro's strong defense keeps him from the No. 1 spot on the overpaid list.
NFL: Nate Clements
Cornerback
San Francisco 49ers
2007 contract salary cap value: $11.1 million
Percentage of team cap: 11.5%
Average cap value 2005-07: $7.3 million
Average last three years: 87 tackles, three interceptions
The 49ers are paying for the two Pro Bowl seasons Clements had with the Bills. His $10.5 million bonus for 2007 took up a ton of salary cap room for a 5-11 team that needs help in a lot of places.
NFL: Patrick Surtain
Cornerback
Kansas City Chiefs
2007 Contract salary cap value: $9.4 million
Percentage of team cap: 11.1%
Average cap value 2005-07: $5 million
Average last three seasons: 62 tackles, two interceptions
A Pro Bowl pick twice with the Dolphins, Surtain has averaged 62 tackles and just over two interceptions since going to Kansas City. Still a solid defensive back for sure, but not at 11% of the salary cap.
NFL: DeWayne Robertson
Defensive Tackle
Denver Broncos
2007 contract salary cap value: $7.4 million (with N.Y. Jets)
Percentage of team cap: 8.7%
Average cap value 2005-07: $6.9 million
Average last three seasons: 54 tackles, 3.5 sacks
Robertson has developed into a solid nose tackle but never lived up to a contract that reflected his being the fourth overall pick in the 2003 NFL draft. On April 24, the Jets sent him to Denver for an undisclosed 2009 draft pick.
NFL: Quentin Jammer
Cornerback
San Diego Chargers
2007 contract salary cap value: $8.6 million
Pct. of team cap: 8.7%
Average cap value 2005-07: $6.5 million
Average last three seasons: 70 tackles, two interceptions
Jammer has never made all-pro despite being the fifth overall pick in the 2002 NFL draft. He's a tough, physical player but not considered a top "cover guy" who blankets pass receivers regularly.
NFL: Derrick Dockery
Offensive Guard
Buffalo Bills
2007 contract salary cap value: $6.8 million
Percentage of team cap: 7.5%
Average cap value 2005-07: $3 million
The All-American from the University of Texas was a third-round draft choice of the Washington Redskins in 2003. After four steady--but unspectacular--seasons with the 'Skins, the Buffalo Bills came calling with an $18 million free-agent signing bonus in 2007.
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