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SAN FRANCISCO (MarketWatch) — The last time Bill Gates didn’t hold the title of world’s richest man, Hillary Clinton’s husband was philandering in the Oval Office, oil was trading at $18 a barrel and Warren Buffett was about to be skewered for missing out on the tech boom.

Well, move over super-rich software guy: Omaha’s oracle and savvy credit-crunch opportunist now reigns supreme, according to Forbes magazine’s 2008 ranking of the world’s billionaires, released late Wednesday.

Warren Buffett’s fortune swelled to $62 billion as of mid-February, a $10 billion spike from a year earlier thanks to a big rally in his Berkshire Hathaway stock.

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