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Sanford Not On Billionaires List

March 11, 2010, 10:48 AM

Sanford Not On Billionaires List
SIOUX FALLS, SD - Sioux Falls philanthropist T. Denny Sanford has dropped off Forbes magazine's billionaire list.

Sanford has seen his net worth decrease from $2.8 billion in 2008, but he remained on the 2009 list with a net worth estimated at $1 billion. Forbes says it has now fallen below that threshold.

Forbes lists Mexican telecom magnate Carlos Slim Helu as the world's richest man, with a fortune estimated at $53.5 billion, ahead of American tycoons Bill Gates and Warren Buffett.

Forbes says the world has 1,011 billionaires, up from 793 a year ago but still shy of the record 1,125 in 2008.

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