Bill Gates is still America's richest

Microsoft’s co-founder and enemy of disease carrying bugs, Sir William Gates III has been named as the wealthiest person in America for the 17th time.

According to Forbes magazine, which has been weighing his assets and dividing by his shoe size, Gates has a personal fortune of $54 billion or £34.5bn in quaint English pounds.

His personal fortune managed to grow by $4 billion this year even as he was spending most of it on his war on the mosquito.

His partner in the bug squashing operation, Warren Buffet was second place with $45bn.

Oracle boss Larry Ellison managed third place although he was only worth $27bn. His hoarded cash stayed the same this year.

Those gaining wealth in the list included Facebook co-founder Mark Zuckerberg. His pile of cash grew by 245 per cent to $6.4bn. He was ranked 35 in the list.

Fellow social notworking site co-founder Dustin Moskovitz is the youngest to make the top 400. The 26-year-old, who is eight days younger than Zuckerberg is one of 16 new along with another Facebook bloke Eduardo Saverin.

Apparently America’s 400 millionaires saw their collective net worth rise by eight percent from last year. If you were to convert all their assets you would get about $1.37 trillion which is the same as the GDP of Spain or Canada. However if you were to melt them down to their selected chemicals they would be worth about $60, the same as the rest of us.