Hundreds of New Billionaires Created In 2012

The world added 210 new billionaires in 2012.

There are now more than 1,400 of them.

It's according to the annual list by Forbes Magazine.

Carlos Slim of Mexico is number one with $73 billion he made in the telecom business.

Bill Gates of Microsoft is second with $67 billion.

But Warren Buffett slipped to 4th when he was edged out by a Spanish fashion mogul.

But Buffett still has more than $53 billion.

Software giant Larry Elison rounds out the top 5 with only $43 billion.