And The World's Richest Man Now Is.....

Bill Gates

Bill Gates is once again the world’s richest person.

The 57-year-old co-founder of Redmond, Washington-based Microsoft Corp. recaptured the title from Mexican investor Carlos Slim Friday, according to the Bloomberg Billionaires Index, as the software maker hit a five-year high. It is the first time Gates has held the mantle since 2007.

His fortune is valued at $72.7bn, up 16% year-to-date.

Slim’s America Movil SAB, the largest mobile-phone operator in the Americas, has dropped 14% this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than $3bn from the 73-year-old tycoon’s net worth.

Most of Gates’s fortune is held in Cascade Investment LLC, a holding entity through which he owns stakes in more than a dozen publicly traded companies and several closely held operations, including Four Seasons hotels and Corbis Corp. Less than a quarter of Gates’s fortune is held in Microsoft. He’s donated $28bn to the Bill & Melinda Gates Foundation.

Hit the link below to access the complete Bloomberg article:

Bill Gates Retakes World’s Richest Title From Carlos Slim

Bloomberg's Billionaire's Index

image: © Domain Barnyard

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