Microsoft founder Bill Gates has been named as the world's richest man for the 16th time by Forbes magazine's annual ranking of global billionaires.
According to BBC, Gates' net worth rose to 79 billion dollars as of February, 2015.
Gates has once again beaten Mexican businessman Carlos Slim to the top spot.
In the last 21 years, the Microsoft founder has topped the Forbes list of world billionaires list for the 16th time.
Slim is ranked second in the list while global investor, Warren Buffet is on the third spot with a net worth of 72.9 billion dollars.
