Bill Gates is no longer the world's richest

For as long as most can remember, Microsoft's co-founder and chairman, Bill Gates, has been the richest man in the world. Weighing in at $53 billion, it's easy to understand why.

Forbes, however, is reporting the official dethroning of Bill Gates. This is not the first time he's lost the top spot since initially capturing it. In 2008, he dropped to second under Warren Buffet. This year, it's a different story. Carlos Slim Helu, a telecom tycoon in Mexico, has now surpassed Mr. Gates for the numero uno spot on the world's billionaire chart. Last year, Helu ranked third with a fortune of $35 billion. Today, Helu is now worth $53.5 billion--an increase of $18.5 billion over the past year.

This doesn't mean Bill Gates has been slacking off. With a current net worth of $53 billion, Gates has seen a $13 billion increase since last year. A lot of this is due to Microsoft's shares rising 50% in the past twelve months. Forbes notes that 60% of Gates' fortune is held outside of the Microsoft Corporation. His investments include Four Seasons hotels, Televisa, and Auto Nation. Warren Buffet of Berkshire Hathaway, now listed at $47 billion, rounds off the top three.

To see pictures and information of the 20 richest people in world, visit Forbes' website.

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Thing is while this article isn't of any real importance on whether whose better off rich or not, Bill has been donating most of his money to charity and helping people whereas these other tycoon/rich ******* do nothing of the sort (at least to my knowledge anyway). So technically Bill is still number one if you don't count all his offerings...

I like the `for as long as people can remember` but in 2008 he dropped to second. Remembering something that happened 2 years ago..........hm!

How`s Eminem earned that much money?

With all of the donations he's made to his foundation, I'm not surprised. Gates' chump change is more than the average person's salary, though, so he's living large anyway. ;)

That's the owner of Claro, that's the name of the company he is running. I know it, because is the main company that distributes telephone. It's the best telephone service company in the Whole Latin America.

Jose_49 said,
That's the owner of Claro, that's the name of the company he is running. I know it, because is the main company that distributes telephone. It's the best telephone service company in the Whole Latin America.

He's the owner of many communications companies throughout Latin America and even the US ... he's smart ... and I can't agree as far as their company services since I'm in Mexico but TELMEX so far it's cheap and of good quality, could be a lot better.

it's always like this...

someone beats bill gates... then falls off.... bill gates back on top. rinse and repeat.

because you hear stories like these here and there and they don't last long. Bill Gates is consistently in either 1st or 2nd.

in other words. it probably won't be long and Bill Gates will be back in #1.

Not that it's likely to make the difference, but didn't Bill just set aside 10 Billion for a charity, on top of his normal philanthropic givings?

Bill Gates has said several times that he isn't bothered about being the World's Richest Person, besides I thought he was in the process of giving a lot of his money away to less priviliged people.

Tanoru said,
Bill Gates has said several times that he isn't bothered about being the World's Richest Person, besides I thought he was in the process of giving a lot of his money away to less priviliged people.

Flu Vaccine and research right?

caughtjoo said,

Flu Vaccine and research right?

Malaria is a huge target of his. He'd probably like nothing more than to see it wiped off the earth for good.

caughtjoo said,

Flu Vaccine and research right?

If you want to see what he's interested in, head over to http://www.gatesnotes.com

Also, read the most recent annual letter from the Bill and Melinda Gates Foundation to see how they spent the year. Eradication of illness and improving education are his passions.

>> For as long as most can remember, Microsoft's co-founder and chairman, Bill Gates, has been the richest man in the world.

In 2008 he was third! Not that he is probably bothered by where he is on the list.

Ichoro said,

sooo uhh ... why'd you care to read the article and then actually making a post??

To his credit, he may have just posted without reading :)

JonathanVP said,
Boo hoo, poor Bill! Next in his charity list is to "donate" to each member of Neowin $100 million as a worthy cause...

+1 I'm all for that. Woo hoo!!! lol

murkurie said,
When you read more into it, Bill Gates isn't number 1 because he has given away so much this past year.

+1 And his charity actually achieves something too

I heard this on the radio this morning, very interesting stuff. But, with Windows Phone and Windows 7, amongst its Microsoft newest expansions into touch-screen technology and the such he should be back on top soon enough.

c3ntury said,
I heard this on the radio this morning, very interesting stuff. But, with Windows Phone and Windows 7, amongst its Microsoft newest expansions into touch-screen technology and the such he should be back on top soon enough.

Yeah, I agree. Though Microsoft stock has slipped as of recently for some reason... I'm hoping it goes back up (I own some)... But, like you said, this is a big year for Microsoft. Windows Phone 7, Windows 7 (Continued sales), Visual Studio 2010, Office 2010, Courier (?), Natal, XBox 360 Slim (?)... It's a big year indeed...

Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

ahh that really sucks.. maybe its time for someone else to make a move in mexico

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

Agreed. Mexicano tambien :)

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

Yeah? I'd honestly never heard of him, but traveling to Mexico I have to say that I was SHOCKED at what it cost for a week of internet service... Absolutely outrageous... Now, granted, I'm sure I paid more than the average person as a "convenience" to have service for a week, but still...

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

I'm from Mexico too and have nothing against the man. I actually think he's a ****ing genius.
Why is he rich? Because he works hard, and makes smart business choices. Why is he mega-rich? Well, some luck always helps there.

Edited by Argote, Mar 11 2010, 8:09pm :

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

True but then again how long did Microsoft hold a monopoly too ... i mean they aren't rich because they were honest and offered the best products ... I am Mexican too and I don't hold Slim as responsible for his actions, he is a business man and knows how to use the poor government system to his advantage ... you'd be shocked but his employees are some of the happiest and motivated people in Mexico. I'm not saying that what his company does is right but give the man some credit.

Ichoro said,

True but then again how long did Microsoft hold a monopoly too ... i mean they aren't rich because they were honest and offered the best products ... I am Mexican too and I don't hold Slim as responsible for his actions, he is a business man and knows how to use the poor government system to his advantage ... you'd be shocked but his employees are some of the happiest and motivated people in Mexico. I'm not saying that what his company does is right but give the man some credit.

So you say that we must give some credit too to Chapo Guzman because his employees (police, politics, thugs) are very happy with the money they receive ? He is a business man and knows how to use the poor government system to his advantage too

BugX said,

So you say that we must give some credit too to Chapo Guzman because his employees (police, politics, thugs) are very happy with the money they receive ? He is a business man and knows how to use the poor government system to his advantage too

Guzman is not running a legitimate business ... and telmex employees are not rich and they are not happy because of the money but their work environment

Ichoro said,

Guzman is not running a legitimate business ... and telmex employees are not rich and they are not happy because of the money but their work environment

Work enviroment ? C'mon http://positivesharing.com/200...eeeriously-cool-workplaces/

Where i work the work enviroment is very good too, so..

Legitimate business ? Ok, sorry.. didn't know that a company with monopolistic practices is a legitimate one. My mistake

Telmex employes are not rich ? I know personaly a man (nothing against he) who work for Telmex and earn 2,200 US every month and 16,000 US as year bonus (aguinaldo) and believe me, he almost do nothing

Edited by Simon, Mar 12 2010, 6:52am :

BugX said,

Telmex employes are not rich ? I know personaly a man (nothing against he) who work for Telmex and earn 2,200 US every month and 16,000 US as year bonus (aguinaldo) and believe me, he almost do nothing

Lol, 2,200 US a month is not a lot, considering that's what engineers usually get here in Mexico when they get some steps up in a company.

Rodrigo said,

Lol, 2,200 US a month is not a lot, considering that's what engineers usually get here in Mexico when they get some steps up in a company.

Exactly, an engineer (or kind of boss), but a person with high-school ? As i said before, i have nothing against he or any other high-school person

BugX said,

Work enviroment ? C'mon http://positivesharing.com/2006/10/10-seeeeeriously-cool-workplaces/

Where i work the work enviroment is very good too, so..

Legitimate business ? Ok, sorry.. didn't know that a company with monopolistic practices is a legitimate one. My mistake

Telmex employes are not rich ? I know personaly a man (nothing against he) who work for Telmex and earn 2,200 US every month and 16,000 US as year bonus (aguinaldo) and believe me, he almost do nothing

look ... i get your point ... like i said you have to give credit to the master mind, im not saying what he or the company does is all correct ... neither is Microsoft and yet Bill Gates is not being blamed for all the wrongdoing the company still does ... as far as your link ... I was referring to a work environment in Mexico's standards, I don't know if all those companies' CEO shake every employees hand when they see them, ask how their families are doing or even care to ask if they are happy with their job ... as far as I know, Slim does it even with their maintenance staff ... he would actually pull over and ask the people installing the infrastructure if they were safe, given the proper tools and so forth ... 2,200/month is barely enough to make it even in Mexico where everything is just as or far more expensive in the US so that's a poor comparison and yes he can afford to give them a large cut at the end of the year to motivate his employees to do a better job ... so if that's not a nice work environment ... i don't know what would be.

Argote said,

I'm from Mexico too and have nothing against the man. I actually think he's a ****ing genius.
Why is he rich? Because he works hard, and makes smart business choices. Why is he mega-rich? Well, some luck always helps there.

Becoming owner of a privatized telecommunications company (Telmex) than the state previously ran helps a lot, don't you think? He received a company that already had an incredible amount of infrastructure and assets all over the country.

Here in Mexico, given the pressure Telmex puts on the FCC-equivalent (Cofetel) and government, all other competitor companies still have to pay Telmex fees for using their lines and interconnections.

It has made most of his fortune working along with the government if you take into account the number of companies he owns that work for Pemex (State-ran Oil company).

Here, there isn't a more perfect example of wealth distribution problems than seeing Carlos Slim and 7 other mexicans in the forbes list when the country's poverty is always rising. The last time I checked 55% or 60% of the population was classified as poor. And more than half of those fall inside exteme poverty indicators.

BugX said,
Hate Carlos Slim (i'm from México)

- He is responsible that we don't have higher internet connection.
- Owns the biggest monopolistic firm on the entire world, that is why AT&T (and others) are nothing here.
- Is responsible that 3g is very expensive here in México.

Someone needs to ice him.

ajua said,
Becoming owner of a privatized telecommunications company (Telmex) than the state previously ran helps a lot, don't you think? He received a company that already had an incredible amount of infrastructure and assets all over the country.

Here in Mexico, given the pressure Telmex puts on the FCC-equivalent (Cofetel) and government, all other competitor companies still have to pay Telmex fees for using their lines and interconnections.

It has made most of his fortune working along with the government if you take into account the number of companies he owns that work for Pemex (State-ran Oil company).

Here, there isn't a more perfect example of wealth distribution problems than seeing Carlos Slim and 7 other mexicans in the forbes list when the country's poverty is always rising. The last time I checked 55% or 60% of the population was classified as poor. And more than half of those fall inside exteme poverty indicators.


Its how KPN got big in europe/america aswell.

KPN is one of the words biggest telecommunication companies, started off by receiving a fully functional and just updated communications network (fibre was nationwide already untill the neighbourhood connectors) and thus started off big, and still owning about 90% of the Dutch communications network (AMS-IX is owned by KPN aswell, or at least it has the majority of shares) Thus even the largest internet connection in the world is owned by a company similiar to this mexican Guzman.

Nothing wrong with that, Some industries need this advantage to compete with companies from huge ass countries compared to your own (New York City alone is bigger in size and inhabitants for example =p)
KPN wouldnt be here if it didnt inherit such a vast network from the start.

Rob2687 said,
Wow...$18 billion in 1 year. Is that all through legitimate businesses? <.<

no, he is the number one pick pocket in the world

SolwayUK said,

no, he is the number one pick pocket in the world

pretty much - he's been linked with all sorts of shady business, and he monopolises many of Mexicos industries.

Bill gates on the other hand has given over $35 billion to charity... that's more money than Carlos Slim Helu even had last year, and Bill Gates has also pledged to leave his current wealth also to charity.

whats really awesome is that 0% of Gates' fortune is held outside of the Microsoft Corporation... that is smart.

aero9 said,
whats really awesome is that 0% of Gates' fortune is held outside of the Microsoft Corporation... that is smart.

The article said the opposite?
"Forbes notes that 60% of Gates' fortune is held outside of the Microsoft Corporation. His investments include Four Seasons hotels, Televisa, and Auto Nation."

aero9 said,
whats really awesome is that 0% of Gates' fortune is held outside of the Microsoft Corporation... that is smart.

Did you even read the article? :-/

Gates gives so much to charity, it's amazing he still comes that close to number 1. He would be miles ahead if he didn't but hats off to him, he is using his money for good causes.

WooHoo!!! said,
Gates gives so much to charity, it's amazing he still comes that close to number 1. He would be miles ahead if he didn't but hats off to him, he is using his money for good causes.

Seriously, and he doesn't seem to be doing it just as a 'write off'--when asked about his efforts during interviews, it's like a switch turns on and he starts speaking very passionately about the work being done.

WooHoo!!! said,
Gates gives so much to charity, it's amazing he still comes that close to number 1. He would be miles ahead if he didn't but hats off to him, he is using his money for good causes.

yeah right.... No one ever have donated such large money to charity.... I admire him for his charity work.

WooHoo!!! said,
Gates gives so much to charity, it's amazing he still comes that close to number 1. He would be miles ahead if he didn't but hats off to him, he is using his money for good causes.

Absolutely. It's really nice to see to be honest. And he's so into it. It's not like something that he's just doing to improve image or get a tax break. He actually cares... Imagine!

If you're going to have that much money... It's pretty much your responsibility to better the world through philanthropy. Hell, even Pablo Escobar was known as a philanthropist - yet most would argue he did more harm than good.

Yes very true! I went to one of the poorest high schools in Washington and he gave 60 a year of us 40,000 dollar scholarships. It was really cool to get to see people from Boeing and Microsoft come and talk to us about how they started with nothing and that just because we a colored doesn't mean we are anything less and by going to college and making a positive impact in our community we can get there too. This is my freshman year in college and he has another 20,000 scholarship that I will apply for. The Bill and Melinda Gates foundation is a lifesaver. :)

WooHoo!!! said,
Gates gives so much to charity, it's amazing he still comes that close to number 1. He would be miles ahead if he didn't but hats off to him, he is using his money for good causes.

And to think President Obama and Al Gore have both been awarded the Nobel Peace price before Bill G.

NAT1V3 said,
Yes very true! I went to one of the poorest high schools in Washington and he gave 60 a year of us 40,000 dollar scholarships. It was really cool to get to see people from Boeing and Microsoft come and talk to us about how they started with nothing and that just because we a colored doesn't mean we are anything less and by going to college and making a positive impact in our community we can get there too. This is my freshman year in college and he has another 20,000 scholarship that I will apply for. The Bill and Melinda Gates foundation is a lifesaver. :)

Good for you and for the people that obtain such scholarship but it is not because Bill Gates is a nice people but because it is a common-praxis. Medium and big companies have three options:
a) fix some papers and pray that IRS will not caught this scam, then reduce the amount of taxes (and taxes in USA are highest).
b) pay all their taxes (rare).
c) create a non-for-profit foundation, then instead of pay all the taxes, use the tax deduction law to derivate some taxes payment to this foundation. This sound nice until you will find the foundation spend great part of their resources in their staff, more specifically in their executives, CEOs, VP and such,leaving just a spare change for the real purpose of their foundation.

Damn, that mexican dude is kicking some real ass.. its crazy and sad.. when you have it all. you have it all.. when you are down in the dumps.. boy is it hard even trying to make a buck!

$500 million can flucuate so fast, he could be the richest man in the world again next month..... when you have that much money tied up in stock, bonds, and other investments, you never know who will be on top the next day

neufuse said,
$500 million can flucuate so fast, he could be the richest man in the world again next month..... when you have that much money tied up in stock, bonds, and other investments, you never know who will be on top the next day

I wish $ 500 million fluctuated so easily in my bank account... :P

dean0 said,
Im sure he can live with the fact he is not #1 anymore
Still $53.5 billion, wouldnt say no D:

Yeah, he doesn't seem like the type that would care... lol