Jess Jackson drops down on Forbes' richest list

<p>A billion dollars just isn’t what it used to be.</p><p>Sonoma County wine entrepreneur Jess Jackson fell 121 spots on Forbes magazine’s annual list of the world’s richest people.</p><p>Forbes estimated the founder of the Kendall-Jackson wine empire is worth an estimated $2.2 billion, unchanged from last year.</p><p>But Jackson sank to No. 553 on the Forbes list, down from No. 432 a year ago. He was the only Sonoma County resident to make the list.</p><p>Another wine industry powerhouse, the family of Ernest Gallo, dropped off the list this year. Gallo, who died in March 2007, was worth an estimated $1.3 billion last year, placing the Modesto family at No. 754 on the 2007 list.</p><p>Overall, there are a record 1,125 billionaires in the world, up from 946 last year, Forbes reported Wednesday. The total net worth of the group is $4.4 trillion, up $900 billion from a year ago.</p><p>Investor Warren Buffett is the richest man on the planet, worth an estimated $62 billion. He displaced Microsoft co-founder Bill Gates, who was the richest man in the world for 13 straight years.</p><p>Gates is worth $58 billion, good enough for third on the list. Mexican telecom tycoon Carlos Slim Helú is the world’s second-richest man, with an estimated net worth of $60 billion.</p>