BILL GATES ONCE AGAIN THE RICHEST MAN IN THE WORLD – The last time Bill Gates was crowned the Richest Man in the World was back in 2007. Since that time a number of other billionaires have taken the crown including Carlos Slim the Mexican telecoms tycoon.
Bloomberg’s Rich List, which put Bill Gates back at the top spot with a person fortune of $72.7 billion was in part helped by the Mexican Government who ordered Carlos Slim to break up his near monopoly which effectively wiped out an estimated $3 billion of his personal wealth and relegating him to second place in the world rich list.
In third place comes Warren Buffet with a personal fortune of $59.7 billion and finally in fourth place is Europe’s richest person, Ortega Gaona, who owns the fashion chain Zara Amancio, with $56 billion.
Bill Gates who founded Microsoft in 1976 has always been at the forefront of computer innovation but after retiring as CEO in 2008 now spends his time investing in other companies and concentrating on his charitable foundation that he set up with his wife Melinda Gates.
Today the vast majority of Bill’s fortunate is kept within Cascade Investment LL which acts as a holding company for dozens of investments in publicly traded companies including the hotel chain Four Seasons.
Bill Gates is very much into his philanthropy and through the charitable foundation set up with his wife the Bill and Melinda Gates Foundation is responsible for donating hundreds of millions of dollars in aid for underprivileged countries.
In the last 5 years the Bill and Melinda Gates Foundation has been spearheading a number of African Aids projects in order to stem the spread of the disease. Last year the foundation pledged $750 million in order to fight Aids, Tuberculosis, and Malaria in poor countries in order to celebrate the 10th anniversary of the foundation.
While there are many people, for varying reasons, willing to admonish Bill Gates for his vast personal fortune he is however a true humanitarian and pledged most of his fortune to charitable causes.
Bill Gates has also been directly responsible in getting other to pledge their wealth in order to assist humanity and the list of the wealth who have now agreed to pledge their wealth continues to grow and includes people such as Warren Buffet, Sir Richard Branson and Mark Zuckerberg; just to name a few.
Regardless of how you feel about wealthy people it is a fact of life that some of us are far more successful in generating vast wealth than others. It is too easy for many people to simply think that a wealth is so easily obtained but running a business, any business, is extremely hard work. Yes it could be said that once you have accumulated great wealth more is easier to obtain through the belief that ‘money makes money’ and yet without careful management and shrewd investing money can be lost far more easily than it took to make it.
It is also, in my opinion, nice to know that Bill Gates, and many other billionaires, are prepared to use their wealth for the betterment of mankind and there is no denying that the money they use is their own and I often wish that Government was able to use its Foreign Aid budget as effectively as Bill Gates uses his – the world would surely be a better place.
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