Bill Gates is no longer the world's richest man, according Forbes magazine's annual ranking of the world's wealthiest people.
Gates, who had held the position since 1995, fell to third place on the list, which was released Wednesday.
He was beaten by investment tycoon Warren Buffet and Carlos Slim, a Mexican telecoms expert.
The drop is speculatively due to Microsoft's stock fluctuations this year and his decision to step away from full-time work in order to focus on charity. Not really anything to do with Three Red Lights then.
Still, it doesn't exactly mean he's out on the streets. His personal fortune is estimated to be around $58 billion, which is approximately fourteen times the amount of money the entire Star Wars saga has grossed since 1977. Not bad at all...
Warren buffet has pledged $30 million dollars to gates charity (or another one) so as long as he sees it through he will no longer be the worlds richest man.
With numbers like that it really doesn't matter if you're first or third, or probably 256th. Still, it could be argued that this is good for Microsoft who is trying desperately to convince all and sundry that it isn't the monopoly it once was.
Not bad for a bloke who started out p**sing about with PCs in his garage. Still a ludicrous amount of money for any one person to have though..
You could argue obviously that he could give it all away. But that IS what is in his will.
Only 1% (yes... still a vast amount of money) is going to his children etc. The rest goes straight to charity upon his death. And of course, the longer he lives, he more interest it'll have made for those charities.
Warren buffet has pledged $30 million dollars to gates charity (or another one) so as long as he sees it through he will no longer be the worlds richest man.
$30 million is 3% of $1billion, so I don't think your statement is accurate.
Not bad for a bloke who started out p**sing about with PCs in his garage. Still a ludicrous amount of money for any one person to have though..
You could argue obviously that he could give it all away. But that IS what is in his will.
Only 1% (yes... still a vast amount of money) is going to his children etc. The rest goes straight to charity upon his death. And of course, the longer he lives, he more interest it'll have made for those charities.
The way Bush is blowing our money on this war the U.S. is becoming a charity.
RROD to blame i think! hehe!correct me if im wrong but isnt the cost of RROD on xbox360 around 1billion? LOL why oh why do you keep on trying with gaming?give up and make games instead
Warren buffet has pledged $30 million dollars to gates charity (or another one) so as long as he sees it through he will no longer be the worlds richest man.
$30 million is 3% of $1billion, so I don't think your statement is accurate.
actually Warren food tray kept only $3bn of his personnal Ł46bn fortune and pledged $43bn to Bill and his wifes charity...... last year. For a hedge fund investor, thats pretty sweet.
Does nobody else here read the financial times or wall street journal? tut tut
RROD to blame i think! hehe!correct me if im wrong but isnt the cost of RROD on xbox360 around 1billion? LOL why oh why do you keep on trying with gaming?give up and make games instead
Paid for by Microsoft, not out of Bill's personal fortune.
Ha ha! Bill Gates is poor now! No wait a minute...!
He may run an evil corporation, but fair play to him on the charity front. Still, I can't help noticing that his personal fortune is still way more than the amount he donates to charity. Pound for pound against my earnings, I'll bet its the equivalent of me donating Ł20 to Children in Need.
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