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

MISS EDEMAYA BEAUTY PAGEANT 2013

EdemAya, a community so rich in mineral resources, and one of the five clans that make up the present day Ikot Abasi Local Government Area of Akwa Ibom State, Nigeria is hosting the world on the 29 th of March 2013. As we gathered from the head of the organizing group, Miss Precious Dominic Akpan, the event is scheduled to take place at the Cooperative Hall, Ikot Ubo Akama, Edemaya in Ikot Abasi, Akwa Ibom State. Three beauties are to emerge from the event which promises to be the first ever organized pageant. The Eligibility Form which are currently on sale for a token of N 2,000 will qualify the contestants to struggle for Miss EdemAya, Miss Democracy of EdemAya and Miss Culture & Tourism of EdemAya. The screening and training of the contestants commences on 25 th through 28 th of March 2013. We have been reliably informed that the event will parade ‘who is who’ in the music industry in Akwa Ibom State and a popular reggae artist from Delta State. Imagine the sque...

Snoop Lion Excommunicated From The Rastafari Community

Snoop Lion excommunicated from the Rastafari Community, according to Bunny Wailer! Bunny has always had his doubts about  Snoop Lion ‘s intent and now his skepticism has taken an even stronger stance, that of excommunication. The news was broken via his  Facebook  profile and via  press release . Recently Snoop Lion has struggled to convince the Rastafari and Reggae community that he is sincere about his profession of, and transition to the faith, principles and beliefs of Rastafari. Most doubtful is Bunny Wailer the only living member of the original Wailer. ‘ Excommunication is a religious censure used to deprive, suspend, or limit membership in a religious community or to restrict certain rights within it. Some groups use the term disfellowship instead, ‘ stated Bunny’s official release. With that said, this would surely deprive Snoop Lion from direct contact to some elders within the Rastafarian community also, access to vital information and place of wo...

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: