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Bill Gates NO LONGER richest man in the world

Discussion in 'Other Off Topic Forum' started by REMIX, Jul 3, 2007.

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  1. REMIX

    REMIX Two Time F1 World Champ

    May 25, 2005
    21,133
    Jacksonville & Sarasota
    #1 REMIX, Jul 3, 2007
    Had to happen sometime.

    http://www.msnbc.msn.com/id/19584883/

    The Seattle Post Intelligencer—Seattle, WA
    By P-I STAFF
    The Seattle Post Intelligencer
    Updated: 1:12 p.m. ET July 3, 2007

    Bill Gates appears to have been dethroned as the world's richest man. But based on his past comments, he probably isn't disappointed. The Microsoft Corp. chairman and co-founder has been overtaken on the world's richest list by Mexican telecommunications tycoon Carlos Slim, according to a Mexican financial news service quoted by Reuters.

    A 27 percent surge in the stock price of Slim's wireless company, American Movil, in the second quarter has put his worth at close to $67.8 billion, Reuters reported Tuesday.

    Reuters quoted financial tracker Eduardo Garcia, from Sentido Comun, an online financial publication. Garcia estimated that Gates was worth $59.2 billion, Reuters reported.

    At a Microsoft conference in Redmond last year, advertising executive and TV host Donny Deutsch asked Gates if he would be upset if someday he were no longer the world's richest man.

    "I wish I wasn't," Gates replied. "There's nothing good that comes out of that."

    "It's better than being second," Deutsch said.

    "No," Gates replied. "You get more visibility as a result of it."

    On this spring's Forbes list, Slim was just behind Warren Buffett, an investor and CEO of Berkshire Hathaway, who had been second on the list for years.

    Forbes reported then that Gates, who had topped its list for 13 years, and Buffett were quickly losing ground to Slim. In April, Forbes reported that Slim had overtaken Buffett and was on his way to passing Gates.

    More links:
    http://business.guardian.co.uk/story/0,,2117330,00.html?gusrc=rss&feed=24
    http://www.forbes.com/lists/2007/10/07billionaires_Carlos-Slim-Helu_WYDJ.html
    http://www.nytimes.com/2006/06/03/world/americas/03slim.html?pagewanted=2&ei=5088&en=87ff5ffac4ee12aa&ex=1306987200&partner=rssnyt&emc=rss
     
  2. rollsorferrari?

    rollsorferrari? F1 Veteran

    Jun 5, 2006
    9,984
    St. Louis
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    #2 rollsorferrari?, Jul 3, 2007
    oh well, had to happen sometime, and with both gates and buffett continually giving away their fortunes for good causes, they're bound to drop further, but it really isn't bad given the circumstances leading up to their drop.
     
  3. bennett

    bennett Formula Junior

    Oct 14, 2004
    914
    CHARLOTTE, NC USA
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    #3 bennett, Jul 3, 2007
    But since the guy is getting american money to make his bbbillions, shouldn't that credit Gates a bit, kind of like grading with a curve? LOL
     
  4. iceburns288

    iceburns288 Formula 3

    Jun 19, 2004
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    #4 iceburns288, Jul 3, 2007
    Gates used to be worth more than 60 billion, I had thought. Hasn't he given away more than 12 billion? All the more to him, his company may be crap :p but he seems like a nice guy.
     
  5. cessnav8or

    cessnav8or Formula 3

    May 28, 2004
    2,257
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    #5 cessnav8or, Jul 3, 2007
    ot a list of richest Americans. It is richest in the world. Why does it matter where Slim's makes his money from.

    As much as Gates and Buffet give to charity it was bound to happen. Slipping 2nd and 3rd I sure would like to have that problem :)
     
  6. BMW.SauberF1Team

    BMW.SauberF1Team F1 World Champ

    Dec 4, 2004
    14,478
    FL
    #6 BMW.SauberF1Team, Jul 3, 2007
    I wonder how much these guys have that isn't because of their stock in company(ies).
     
  7. SrfCity

    SrfCity F1 World Champ

    Nov 1, 2003
    10,142
    Orange County, CA
    #7 SrfCity, Jul 3, 2007
    If the stock tanks then so does his wealth. It would seem like this paper wealth would constantly be fluctuating for these guys.
     
  8. Blackbird4life

    Blackbird4life Formula 3

    Jul 8, 2005
    2,166
    #8 Blackbird4life, Jul 3, 2007
    Worth more than a hundred back in the prime days....but i'm glad he's giving money away...
     
  9. Dubai Vol

    Dubai Vol Formula 3

    Aug 12, 2005
    1,418
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    Scot Danner
    #9 Dubai Vol, Jul 3, 2007
    The computer I am typing this on at the local library was courtesy of Bill, so as much as I dislike Microsoft, Bill has his points.
     
  10. ^@#&

    ^@#& F1 World Champ
    BANNED

    Feb 27, 2005
    12,091
    #10 ^@#&, Jul 3, 2007
    does anyone find this as funny as I do?
     
  11. jungathart

    jungathart Guest

    Jun 11, 2004
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    Komrade Jung
    #11 jungathart, Jul 3, 2007
    Meanwhile, PAPster is getting paid 10million USD per post and is rapidly catching up!:)
     
  12. iceburns288

    iceburns288 Formula 3

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    #12 iceburns288, Jul 3, 2007
    Am I also the only person who has never heard of American Movil?
     
  13. justhrowit

    justhrowit Formula 3

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    #13 justhrowit, Jul 3, 2007
    At one point, I thought he was around 82 billion? Either way, I'm not passing the cup around for him, right! Someone had mentioned it already, he and Buffet have done great things for America and the World in regards to their donations and charity work. I've watched interviews with both of them and they seem to be stand up people and, for the most part, very ordinary... especially Buffet.

    J
     
  14. Remy Zero

    Remy Zero Two Time F1 World Champ

    Apr 26, 2005
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    #14 Remy Zero, Jul 3, 2007
    when i read the title of the thread, i just wondered who googled me :D
     
  15. EC308

    EC308 Formula 3

    Aug 28, 2005
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    #15 EC308, Jul 4, 2007
    He should be paid double that!
     
  16. darth550

    darth550 Six Time F1 World Champ
    Lifetime Rossa

    Jul 14, 2003
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    #16 darth550, Jul 5, 2007
    Poor bastard! ;)
     
  17. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
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    #17 PAP 348, Jul 5, 2007


    Bill Gates is going broke because he is sponsoring my Fchat posting. I recieve $100 per post! :D:D:D
     
  18. PAP 348

    PAP 348 Ten Time F1 World Champ
    Lifetime Rossa Owner

    Dec 10, 2005
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    Pap
    #18 PAP 348, Jul 5, 2007


    I reckon!! :eek: I would love to just have the amount of money he spends on 'waiter tips' in one year. :D:D
     
  19. Christian.Fr

    Christian.Fr Two Time F1 World Champ

    Jun 9, 2005
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    Christian.Fr
    #19 Christian.Fr, Jul 5, 2007
    i m sad for him...lost the first place must to be a big desapointement.
     
  20. 8 SNAKE

    8 SNAKE F1 Veteran

    Jan 5, 2006
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    #20 8 SNAKE, Jul 5, 2007
    I seem to recall reading somewhere that Slim isn't much of a philanthropist. Seems that he doesn't believe in giving money away.

    Ah well, he doesn't have to mess with any pesky monopoly charges brought about by the Mexican government to slow down his empire either.
     
  21. Fastviper

    Fastviper F1 Rookie

    Nov 20, 2003
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    #21 Fastviper, Jul 5, 2007
    It would be simple to beat anyone when you control the entire market. Gates did it in an open market. This new guy controls the market. Everything is different in Old Mexico!

    BTW: People in Mexico are in America!
     
  22. CRG125

    CRG125 F1 Rookie

    Feb 7, 2005
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    #22 CRG125, Jul 5, 2007
    Actually I am pretty sure it was closer to 100 billion at one point.
     
  23. justhrowit

    justhrowit Formula 3

    Feb 12, 2004
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    #23 justhrowit, Jul 5, 2007
  24. ferrari_jjc

    ferrari_jjc Formula Junior

    Dec 27, 2004
    442
    #24 ferrari_jjc, Jul 6, 2007
    I thought I heard somewhere a while back that Gates had retired? I guess I was mistaken.
     
  25. 8 SNAKE

    8 SNAKE F1 Veteran

    Jan 5, 2006
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    #25 8 SNAKE, Jul 7, 2007
    Gates is stepping down from Microsoft next year.
     
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