Skip to main content

Bill Gates Reclaims Title As World’s Richest



WASHINGTON – The surging price of Microsoft shares returned US tech tycoon Bill Gates back to the top of Forbes’s world’s billionaires list, with his $76 billion beating out Mexico’s Carlos Slim’s $72 billion.
The annual list, released Monday, counted 1,645 men and women as billionaires, with an average wealth of $4.5 billion and a collective wealth of $6.4 trillion, up $1 trillion from a year ago.
Gates, co-founder of the US software firm, showed his staying power at the top — the world’s richest man for 15 of the past 20 years, according to Forbes — despite spending recent years giving away large sums of money to global health and anti-poverty programs.
Gates owns about 4.4 percent of Microsoft, making up less than 20 percent of his total fortune.
But the company’s share price has risen 25 percent over the past year, and, along with gains in other assets, he has added $7 billion to his fortune since a year ago, according to Forbes.
Slim, with a hand in everything from telecommunications (America Movil) to mining, finance and industry (Grupo Carso), to retailing and real estate across the Americas region, was worth $1 billion less than a year ago, hit in part by sagging markets in South America.
In third was Spain’s Amancio Ortega, whose pockets have filled with profits from fashion: his hugely successful Inditex garment empire, parent of popular chains Zara, Pull & Bear, and Bershka. More recently, Ortega heavily invested in real estate in Europe and the United States; his worth was put at $64 billion.
A familiar cast of mega-wealthy filled out the rest of the top ten: US investment guru Warren Buffett ($58.2 billion); software group Oracle’s founder and chief executive Larry Ellison ($48 billion); US industrialists and brothers Charles and David Koch (each with $40 billion); Las Vegas casino king Sheldon Adelson ($38 billion); Walmart heiress Christy Walton ($36.7 billion) and her brother Jim Walton ($34.7 billion).
Together the $507 billion held by the top ten is larger than the entire size of the economy of Norway, or Belgium or Poland in 2012.
- 31 billionaires under 40 -
US billionaires dominated the list, with 492, followed by 152 from China and 11 from Russia.
Forbes said two-thirds of them made their own fortunes, while 13 percent inherited. The rest took fortunes they received and built them up to the $1 billion-plus level.
The biggest climb on the list in the year came from Facebook’s Mark Zuckerberg. The public sale of the company’s stock more than doubled his net worth to $28.5 billion, leaving him at number 21, just behind Hong Kong’s venerable tycoon Li Kashing and just ahead of Italian chocolatier Michele Ferrero.
Zuckerberg, 29, led a group of 31 billionaires under 40 years old. Youngest, at age 24, was Perenna Kei — also known as Ji Peili — the 85 percent shareholder of real estate company Logan Property Holdings, which went public in Hong Kong in December. Her father Ji Haipeng is chairman and chief executive of the company.
Saudi investor Prince Alwaleed bin Talal, a nephew of the oil giant’s king, was likely to remain unhappy with Forbes after blasting it last year for allegedly understating his wealth.
Forbes put his fortune this year at just $20.4 billion — enough for a ranking of number 30 — compared to $20 billion a year ago.
Defending itself last year, Forbes said the prince “systematically exaggerates” his wealth.
Last week Alwaleed sent out a press release noting that the Bloomberg Billionaires Index, a rival of Forbes, put his fortune at $30.5 billion.
In the statement, he assailed Forbes for “use of incorrect data” and said its approach “seemed designed to disparage Middle Eastern financial institutions such as the Saudi stock exchange.”

Comments

Popular posts from this blog

How My Daughter Seduced Me To Have Sex With Her – John Awah

“I became attracted to my daughter, when I saw her. And I told her I wanted to show her true love… Actually, she was the person that started it by always changing her cloths in front of me and this attracted me” – Says John Awah, who claimed that the multiple rounds of sex he had with his daughter was ‘consensual’ It sounds bizarre, untrue, and squeamish, but it’s the whole truth. Yes, it actually took place in Nigeria, Lagos, a city where everything seems possible. When Chinyere, 18, decided to leave her mother in Abia State and pay her father, John Awah, a visit in Lagos, she must have been longing for a tender loving care, which fathers give their children. But she surely did not bargain for what she eventually ended up with – steamy sex sessions with her father. Upon her arrival, her father was shocked to his bone marrow that his daughter who left him when she was a year old, had suddenly grown to a full girl, and he suddenly fell in love with her. Awah said: “I became attracted ...

VIDEO: Boyfriend Leaks Sex-Tape Made With UNILAG Babe

This just came in to our mailbox..  Anonymous source says: Good day 411vibes and nice blog, I want to share this video with you guys so as to make girls know or realise that things they do in their boyfriend’s room just to please them can backfire some time soon and I mean when the boy is tired of seeing the same face every time. The girl is doing a Diploma programme in University of Lagos. (Unilag). The boy happens to be a friend to my cousin and after he shared the video with his friends, they kept doing same. Tagging the girl as a slut (someone he has been with for close to a year already) can you imagine how callous some guys can be?.  Please do share this though I know it in’t right but still  I hope this make some girls who see the video change their mind about doing such stupid acts like this. And yes I am a female too and it hurts to see things like this. This is a odd world.. Click the link below to watch: http://www.411vibes.com/wp-content/uploads/2...

VIDEO: Two Girls Stripped In Public For Stealing Brazilian Hair

These two young girls were stripped naked in public by a shop owner after they were caught stealing  Brazilian hair . According to information gathered, these girls entered  the shop  as if they were interested in purchasing something. One of the girl’s intentionally decided to engage the owner in a conversation by asking lot of questions on the types of  Brazilian  hairs at the store and then the other girl was busy stealing Brazilian hairs. Watch the video  below: