The World's Billionaires behind China, Germany and India by the number of billionaires. Self-made billionaires made up the largest number of people on the list with 1,191 positions (over 65 percent) while just 230 (under 13 percent) have wealth through inheritance. The number of billionaires who inherited a portion but are still working to increase their fortunes is 405. Bill Gates was named the richest man in the world by "Forbes"<nowiki>'</nowiki>s annual list of the world's billionaires. This was the 16th time that the founder of Microsoft claimed the top spot. Carlos Slim came in second for the second consecutive time. Warren Buffett
The Founder Institute Founder Institute was to launch 1,000 companies per year. Graduates were given access to a "shared liquidity pool," where all participants in the program share equity in the companies formed. The first class graduated in October 2009 in Silicon Valley and was composed of 66 entrepreneurs and 54 companies. By the middle of 2010, The Founder Institute had chapters in ten cities throughout the world, including New York City, San Diego, Berlin, and Singapore. In May 2010, the chapters in New York and D.C. graduated a total of 25 new startups. By the end of 2011, it had more than