Bill Gates out of world’s 10 richest man list as his net worth falls 30% in 7 days; he is replaced by Microsoft‘s former CEO
Bill Gates has dropped out of the top ten on the world’s richest list, with his net worth now calculated as less than that of his former assistant and successor as Microsoft’s former CEO, Steve Ballmer. This change comes after a recalculation to reflect Gates’ substantial charitable giving. Gates’ fortune was reduced by about $52 billion, almost by 30% this week. This recalculation shrank his net worth from over $175 billion to $124 billion, moving him from fifth to twelfth place on the Bloomberg Billionaires Index. Steve Ballmer, with a net worth of $172 billion, replaced Gates in the fifth spot.
