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Gates Not World’s Wealthiest Person

Warren Buffet edges him out

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His net worth still exceeds the combined 2007 GDPs of Jamaica, Iceland, and Costa Rica, so we can’t feel too sorry for the guy.  Still, according to the latest rankings by Forbes, Bill Gates is no longer the world’s richest man.

Gates No Longer World's Wealthiest Person
 Bill Gates – World’s Third Richest Man

That title goes to Warren Buffett, who’s worth $62 billion.  Matt Miller explains, "Gates is now worth $58 billion and is ranked third in the world.  He is up $2 billion from a year ago, but would have been perhaps as rich – or richer – than Buffett had Microsoft not made an unsolicited bid for Yahoo! at the beginning of February."  The value of Microsoft’s stock – and Gates’s shares – fell as a result of that offer.

Of course, neither Buffett nor Gates seems to mind about the change, and both men have promised to give a great deal of money to good causes.  Gates told a CNBC anchor, "Since both Warren and I have committed the bulk of our wealth to charity, we probably don’t belong on the list at all.  However, I couldn’t be happier to cede this position to Warren."

Gates then joked, "This weekend when we played golf he saved money by not buying a golf glove and using Band-Aids instead.  It didn’t work too well but he saved a few bucks.  I suppose that was the key here rather than the increase in Berkshire’s stock price.  When we play this weekend I may have to try playing even without Band-Aids to get an edge on him."

Meanwhile, although he’s worth much less than either Buffett or Gates ("only" $1.5 billion), Facebook’s CEO, Mark Zuckerberg, was labeled by Forbes "the youngest self-made billionaire in human history."  A couple of kids have beaten him in terms of age, but they inherited their money.

Gates Not World’s Wealthiest Person
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  • http://www.hemroidshelp.com hemroids

    I am curious about the fact they both donate to Charities. They both talk about being committed to putting most of their money towards charities.

    One might think that the two combined could literally do a massive amount of help if they targeted one causes, such as developing resources for water in one state in a developing country.

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    Something tells me that Bill doesnt care whatsoever what his rank in the world is in terms of net worth.

  • http://www.homeremedyhaven.com Home Remedies

    Of these people, who is the richest in terms of IT only?

  • http://www.kosmetik-planet.de LR

    Both, Bill Gates and Buffet, care a lot about charities. I think it’s recommended for persons in their positions. They can change many things.

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    Judy what’s with the ad for dentistry? I don’t see how this goes with Gates no longer being the world’s wealthiest.

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      Those people don

  • http://www.hausverlosungen.biz Guest

    It is hard to believe but the fact that he is not the richest man on the world has an huge effect on the stocks values of ms. But that’s economy!

  • http://www.hausverlosungen.biz Hausverlosung

    It is hard to believe but the fact that he is not the richest man on the world has an huge effect on the stocks values of ms. But that’s economy!

  • http://www.hausverlosungen.biz Hausverlosung

    It is hard to believe but the fact that he is not the richest man on the world has an huge effect on the stocks values of ms. But that’s economy!

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