Microsoft's 2012 stock price increase added $7 billion to Gates' net worth

Bill Gates has more money than almost anyone else in the world. That's not news. What is news is the the fact that the founder and Chairman of Microsoft actually increased his net worth in 2012 and pushed his good friend Warren Buffet out of the second place spot on a constantly updated list of billionaires.

Bloomberg reports that Gates is now worth $63.4 billion, according to the Bloomberg Billionaires Index, which monitors the wealth of the world's 100 richest people on a daily basis. Gates gained $7 billion in 2012, which was due to the stock price of Microsoft going up 2.9 percent in the past year. However, his ownership of Microsoft stock represents less than 20 percent of Gates' net worth.

The only person who is richer than Gates is Mexican telecommunications mogul Carlos Slim. However, Gates is hardly spending his time relaxing on a beach. While he doesn't work full time at Microsoft, he still comes to the company's offices a few days out of the month.

Gates is now mostly concerned with his charity work and to head up the Bill and Melinda Gates Foundation. It's that portion of his life that put him in fourth place on Forbes' recent list of the most powerful people in the world.

Source: Bloomberg | Image via Microsoft

Report a problem with article
Previous Story

Surface Pro rumored to be coming January 29th

Next Story

TechSpot: Cooler Master Storm Scout 2 Case Review

36 Comments

Commenting is disabled on this article.

Hoping MS would concentrate more on their products than their stock price, eventually consumers and investors will benefit

Weird and false statements in the article:
Jan 5, 2012: MSFT stock price is $27.68
Jan 4, 2013: MSFT stock price is $27.25
,so actually the MSFT stock price DROPPED, as was no split meanwhile.
Correct that false statement: " Gates gained $7 billion in 2012, which was due to the stock price of Microsoft going up 2.9 percent in the past year."

Auch2 said,
Weird and false statements in the article:
Jan 5, 2012: MSFT stock price is $27.68
Jan 4, 2013: MSFT stock price is $27.25
,so actually the MSFT stock price DROPPED, as was no split meanwhile.
Correct that false statement: " Gates gained $7 billion in 2012, which was due to the stock price of Microsoft going up 2.9 percent in the past year."

The MSFT situation is way worst.
Microsoft has only two ways to increase the price of the stock:
a) launch a new product, specially Windows and Office.
b) purchase a worthy company for a penny.

Microsoft did both case and failed. It is the same to own a retail store and sell less during xmas. So, right now, MS is "out of ammo" and most likely they will be forced to launch a new windows/office quickly. For Microsoft, 2013 will be a hard year.

IMHO; even when i like Microsoft product, im still consider that it is a right situation, MS should learn more modesty instead of "i do whatever i want".

Brony said,

The MSFT situation is way worst.
Microsoft has only two ways to increase the price of the stock:
a) launch a new product, specially Windows and Office.
b) purchase a worthy company for a penny.

Microsoft did both case and failed. It is the same to own a retail store and sell less during xmas. So, right now, MS is "out of ammo" and most likely they will be forced to launch a new windows/office quickly. For Microsoft, 2013 will be a hard year.

IMHO; even when i like Microsoft product, im still consider that it is a right situation, MS should learn more modesty instead of "i do whatever i want".

That has nothing to do with the stagnation of their stock price.

Nice I hope he becomes #1 over some rich oil giant's. He does good with his money, he does not just chuck it at problems he goes the full hog I have nothing but respect for old gates. He is the only rich man I wish got more rich, when he does die the donation he gives will be insane and help so many people.

spend 5 B on windows phone and windows phone apps / store
give Nokia the rest they deserve it they are the true windows phone OEM

Or maybe just acquire Nokia for $8B & put WP under that Nokia's charge! Move Surface RT and Surface phone into that division as well. Surface Pro also but with a synergized team of hardware professionals and Windows program managers..

Good for him. One of the few rich people who deserve it. Most of it will probably go to charity anyways.

Obry said,
Good for him. One of the few rich people who deserve it. Most of it will probably go to charity anyways.

By book, charity IS tax deduction.

By book? Man he's one of the people who I know does most charity work than anyone. Heard of the Bill & Melinda foundation? Have you read a single article about the work they have done overseas? At this point, almost all of his wealth goes there. He's got his family taken care of and now trying to help the world. I think he can give a damn less about tax deductions. That's just silly.

spy beef said,
Who said Windows 8 was a flop?

Irrelevant- Win8 was not available for most of 2012 (the time the stock price went up).

He would really have me jumping for joy if he took over from Ballmer. Imagine how much better the company would do!

Edited by superconductive, Jan 4 2013, 2:34am :

I don't know if you actually saw that or not but in it he talks about Windows 8 and Windows Phone 8, but he accidentally calls it "Windows 8 Phone".

cekicen said,
"His ownership of Microsoft stock represents less than 20 percent of Gates' net worth."

Somehow I think something in this article is incorrect, or at least mis-leading.
20% of 63.4bil = 12.68bil in MS stock current or less...
7Bil/12.68bil = 55% increase

So due to this, it indicates that MS stock price went up 55%+ in the year, which clearly indicated in the article says 2.9%... Things are not adding up lol, of course I only skimmed it but w/e....

auziez said,
Somehow I think something in this article is incorrect, or at least mis-leading.
20% of 63.4bil = 12.68bil in MS stock current or less...
7Bil/12.68bil = 55% increase

So due to this, it indicates that MS stock price went up 55%+ in the year, which clearly indicated in the article says 2.9%... Things are not adding up lol, of course I only skimmed it but w/e....

This could only mean one thing. Someone is a little weak in math skills (I'm not talking about you).

more closer to 367 million was added from his ownership in MS lolz... man im looking too much into this...

Moral of the story - Bill is too rich

S_Herbie said,

Obviously, he should give it away or set up a charity or something! </s>

Yeah, absolutely. Since others have a right to tell you what to do with your money and all...

Enron said,
Bill Gates is holding up 8 fingers in the image above. Obviously he's referring to Windows 8.

Being pedantic it`s actually only 6, thumbs aint fingers (only 2 bones) He`s actually talking about the kernel...Or maybe it`s 7 and he`s talking about the dough accumalated in the last year. Poor Warren, what will he do now?

dtourond said,
I don't know if you actually saw that or not but in it he talks about Windows 8 and Windows Phone 8, but he accidentally calls it "Windows 8 Phone".

Because that's what it is now. It runs the same NT kernel Windows 8 runs. WinRT in my eyes also is Windows 8 RT.
Bill probably also has in his mind that the NT kernel is 8 and not 6.2 as it is now (which it only is for backwards compatibility)

Shadowzz said,
Because that's what it is now. It runs the same NT kernel Windows 8 runs. WinRT in my eyes also is Windows 8 RT.
Bill probably also has in his mind that the NT kernel is 8 and not 6.2 as it is now (which it only is for backwards compatibility)
I was talking about the fact that he accidentally called it Windows 8 Phone. By rights, it's called Windows Phone 8.