World's Richest Man No Longer Bill Gates?

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Cyclenall
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World's Richest Man No Longer Bill Gates?

#1 Postby Cyclenall » Tue Jul 03, 2007 9:41 pm

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We all knew this day would come. Big old Bill is now 2nd. The world's richest man is now Carlos Slim Helú of Mexico with a net worth of 67.8 billion dollars.
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Re: World's Richest Man No Longer Bill Gates?

#2 Postby gtalum » Tue Jul 03, 2007 9:56 pm

Poor Bill gates may have to cut back on the use of his private jets. :lol:

This isn't the first time. he didn't become the richest man until Sam Walton died. Then Larry Ellison from Oracle passed him for a while until Oracle's stock plummeted in 2000.
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#3 Postby WindRunner » Tue Jul 03, 2007 10:15 pm

Considering how much of his money he gives away, it's a miracle his "ranking" has lasted this long . . .
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Re: World's Richest Man No Longer Bill Gates?

#4 Postby Category 5 » Wed Jul 04, 2007 11:44 am

According to him, one day every penny of it is going to charity.
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#5 Postby JQ Public » Sat Jul 07, 2007 11:06 pm

I remember him and his wife donated a ton of money to Duke University years ago. It was their largest ever donation in University history.
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Re:

#6 Postby vbhoutex » Mon Jul 09, 2007 12:09 am

WindRunner wrote:Considering how much of his money he gives away, it's a miracle his "ranking" has lasted this long . . .



Billions of dollars at a "normal" interest rate brings in more money than one can imagine. I beleive there was a study done when Gates was only worth maybe 8 billion and it said that if he gave away like a million a day it would take an incredible amount of for it to all go away due to the interest it would be generating.
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Re: Re:

#7 Postby Regit » Mon Jul 09, 2007 1:01 am

vbhoutex wrote:
WindRunner wrote:Considering how much of his money he gives away, it's a miracle his "ranking" has lasted this long . . .



Billions of dollars at a "normal" interest rate brings in more money than one can imagine. I beleive there was a study done when Gates was only worth maybe 8 billion and it said that if he gave away like a million a day it would take an incredible amount of for it to all go away due to the interest it would be generating.


Yeah, if he has all his money in simple interest-bearing accounts at 5% APR (of course he's making more than that, but we're being hypothetical), he'd be making 7 million dollars per day.
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kevin

Re: World's Richest Man No Longer Bill Gates?

#8 Postby kevin » Mon Jul 09, 2007 9:57 am

If I had a billion dollars I'd build sweatshops around the world to produce cheap goods for Walmart and other retailers worldwide. :flag:
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