The Death of the American Billionaire

The Death of the American Billionaire: "It's not easy being Bill Gates.

First, Yahoo! rejected Microsoft's $44.6 billion buyout offer. Then Gates got absolutely worked in a Guitar Hero competition with Slash. Next, Gates lost his title as the world's richest man to occasional bridge partner Warren Buffett. And don't even get me started on those stupid TV commercials with Jerry Seinfeld. Can things possibly get any worse for the brainiac billionaire?

Actually, they can.

Many people were shocked to see Gates knocked from his No. 1 ranking after 10 years atop Forbes' list of the world's billionaires. With a net worth of $58 billion, Gates currently ranks third, behind Buffett and Mexican telecom baron Carlos Slim."