Skip to main content

The Globe and Mail

Retail czar passes Gates to top list of wealthy elite

Cyberspace has knocked last year's richest man into second place, to be replaced by the head of a retailing dynasty, according to The Sunday Times' annual list of the world's wealthiest people.

S. Robson Walton, eldest son of Wal-Mart founder Sam Walton, was worth $101-billion, a drop from last year's $118-billion, the paper reported.

Microsoft's Bill Gates, hit hard by the high-tech slump, is now estimated by the British newspaper to be worth $84-billion, down from $119-billion in 2000.

Story continues below advertisement

The only Canadian on the list of the 50 richest people in the world was Kenneth Thomson, whose worth rose to $24-billion in 2001 from $16-billion last year.

Rounding out the three wealthiest people in the world -- all American men -- was Oracle chief Larry Ellison ($65-billion, up from $18-billion last year). Oil baron King Fahd of Saudi Arabia was No. 4 at $45-billion. CP

Report an error
Comments

The Globe invites you to share your views. Please stay on topic and be respectful to everyone. For more information on our commenting policies and how our community-based moderation works, please read our Community Guidelines and our Terms and Conditions.

We’ve made some technical updates to our commenting software. If you are experiencing any issues posting comments, simply log out and log back in.

Discussion loading… ✨