If you take a look at the Forbes Rich List you will realise it’s not about having millions anymore, more people than ever have billions in the bank. Furthermore we’re not just talking 1 or 2 billion, we’re talking tens of billions merrily sitting in their back pockets.

Below are the top 10 richest billionaires of 2012. These guys really do have an inconceivable amount of cash to splash and you’re about to find out why.

Carlos Slim

Net worth: $69 B

Carlos Slim has been the richest person in the world since 2010 and he has no plans of handing over that title anytime soon. Not only is this business magnate loaded, he’s generous too; this philanthropist made it onto the Forbes’ World’s Biggest Givers list in 2011 after he donated a whopping $4 billion to his foundation.

Bill Gates

Net worth: $61 B

Everybody knows his name, so it’s no big surprise Bill Gates is second on this list. Gates co-founded Microsoft with childhood friend Paul Allen way back in 1975 and since then Microsoft has gone on to be the largest software corporation in the world.

Warren Buffett

Net Worth: $44 B

Widely considered the most successful investor of the 20th century and seen by many as one of the most influential people in the world, Buffett’s not doing to badly. He is renowned for his frugality within his personal life and has announced he wants to give away 99 percent of his fortune to philanthropic causes.

Bernard Arnault

Net Worth: $41 B

Bernard Arnault may be 4th richest person in the world, but he also claims the title of Europe’s richest person. Arnault was Forbes “Fashion Person of 2011” and his luxury empire includes fashion super houses Christian Dior and Louis Vuitton.

Amancio Ortega

Net Worth: $37.5 B

Co-founder of the Inditex group, the group that has brought us the successful high street stores Zara and Massimo Dutti, Amacio Ortega started his empire with just one store in 1975. Ortega still takes an active part in the design and production process 27 years on and keeps a very low profile, still not having ever given an interview.

Larry Ellison

Net Worth: $36 B

For a short time in 2000, Larry was the richest man in the world, still, 6th place isn’t too bad! Co-founder and CEO of Oracle Corporation, Ellison has helped build one of the today’s leading enterprise software companies.

Eike Batista

Net Worth: $30 B

Chairman of Brazilian corporation EBX Group, Eike Fuhrken Batista has made his billions in mining and oil and gas exploration. Creeping his way up the list from 8th place last year, it might not be long till Batista is sitting on the top spot.

Stefan Persson

Net Worth: $26 B

Stefan’s father Erling Persson founded the store we now know as H&M back in the 60’s. Since then, Stefan has taken over and led the company to global success, and made himself the richest person in Sweden during the process.

Li Ka Shing

Net Worth: $25.5 B

Li Ka Shing is a prominent Honk Kong business magnate and the richest person of Asian descent in the world. He is chairman to one of the largest companies listed on the Hong Kong Stock Exchange, Hutchison Whampoa Limited and Cheung King Holdings and has become the world’s largest health and beauty retailer.

Karl Albrecht

Net Worth: $25.4 B

At 92 years of age, Karl Albrecht is the oldest billionaire on this planet. Founder of budget supermarket Aldi, Karl and his brother Theo came up with the name by combining the first to letters of their surname with the first two letters of the word discount.

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