Bill Gates supposedly ''gave away'' the bulk of his fortune to various charities - so, how come he is still ''The World's Richest Man''?
2007-04-12 17:28:00 · 10 answers · asked by Anonymous in Business & Finance ➔ Corporations
I don't think he gave away that much. He may have pledged quite a bit, or used his fortunes to endow charities, but I'll guarantee you he isn't hurting.
2007-04-12 17:36:02 · answer #1 · answered by Warren D 7 · 0⤊ 1⤋
I may be wrong, but I believe you are thinking of Warren Buffet the investor who gave a large chunk of his fortune to charity, the Bill and Melinda Gates foundation. He at that time was the second richest man in the world. As of today he is now the 3rd richest man in the world. So guy in Mexico has overtaken him for second place. To answer your question the reason why this guy is still rich is because he is still earning money. The money he donated to charity is going to occur over a period of time. It will still be a large chunk of his fortune, but not all of it. The guy is worth over 50 billion and he is giving over 30 billion. Something else to consider, and I am not 100% sure about this, but to be really technical, Bill Gates is not the richest man in the world. The Sultan of Brunei is worth more than he is, but since he is a head of state, he does not qualify for the Forbes list. It is only for CEO's, business men and women.
2007-04-12 17:42:01 · answer #2 · answered by Solomon Grundy 7 · 2⤊ 0⤋
William H. Gates III internet truly worth: $fifty two.8 billion Rank: a million the worldwide's richest guy has greater to tension approximately than a $6 billion hit to his internet truly worth by fact that final 3 hundred and sixty 5 days. The Microsoft chairman continues to be heading off antitrust hassles mutually as introducing domicile windows XP, increasing into internet centers (.internet) and preferable a a million/2-billion greenback creation of the Xbox videogame console.
2016-12-29 06:25:20 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Forbes calculates the net worth based on the closing stock prices and exchange rates on 9 February, 2007. They calculate how much money would be made if all of the stock the person owns was sold all at once, and that's how the determine how much a person is worth.
2007-04-12 17:32:19 · answer #4 · answered by ownera 2 · 0⤊ 0⤋
I thought the guy who owned IKEA was the world's richest man???
2007-04-12 17:36:38 · answer #5 · answered by Jason C 2 · 0⤊ 1⤋
Because he still makes a heck of a lot of money.
2007-04-12 17:31:04 · answer #6 · answered by Joy M 7 · 0⤊ 0⤋
ask Dr. Phill lol. Since he seems to think he knows everything
2007-04-12 17:32:27 · answer #7 · answered by scattywompas 1 · 0⤊ 1⤋
He donates money to African people, so they will buy Windows Vista with all those money.
2007-04-12 17:35:51 · answer #8 · answered by Anonymous · 0⤊ 1⤋
Are you really dumb? its the cost of the whole assets that make a businessman rich. if he sells the whole microsoft, he will be probably a billionare!!
2007-04-12 17:31:36 · answer #9 · answered by Anonymous · 0⤊ 3⤋
becos of his shares..
2007-04-12 17:32:00 · answer #10 · answered by dreamer4ever 2 · 0⤊ 1⤋