News/ Info Gates loses 'world's richest' crown

Do you think Bill Gates will be worried ?

  • He will soon be back with Vista's profits

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  • He should give all his money to me.

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mikeinlincs

Yellow Belt
The register reported that Bill Gates is no longer the worlds richest man.

Carlos Slim ended Gates's 13-year reign thanks to a 26 per cent surge in the stock price of his company America Movil during the second quarter. Slim boosted his personal net worth to $67.8bn compared to last year?s $30bn.

Gates was worth $59.2bn compared to $50bn in 2006, according to the Forbes annual rich list. The switch in places was noted by Mexican financial publication Sentido Com?n Slim's fortune is equivalent to eight per cent of Mexico's gross domestic product, according to Com?n. For Gates to be worth eight per cent of the US economy, he'd have to increase his wealth by 17 times to $13tn.

Slim paved the way for overtaking Gates last year by expanding his stake in wireless operator America Movil after selling his holdings in MCI and Altria. This deal that netted more than $6bn and earned Slim the title Latin America's richest man.

In April this year Slim overtook the World's second richest person Warren Buffett, the chief executive of Berkshire Hathaway and philanthropist who has dedicated himself to giving away most of his fortune through the Bill and Melinda Gates Foundation. ?

By Gavin Clarke in San Francisco ? The Register
 

gkd_uk

Yellow Belt
I read that he has already written a will to pass all his money to charities when he dies and will only be giving a few million to his kids.
 

hugodiaz

Yellow Belt
Heck, I doubt he will lose any sleep over that. I don't think he really cares otherwise he wouldn't be leaving M$ next year or whenever it is he said he was going to step down. I'm sure he has better and more important things on his mind like enjoying time with his family and whatnot.
 
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