"Bloomberg recalculated Bill Gates' net worth, lowering it by 30% to reflect his charitable giving, resulting in a drop to 12th place on the rich list."
"Bill Gates lost about $52 billion, reducing his fortune from over $175 billion to $124 billion, trailing behind several billionaires in the rankings."
"Gates pledged to donate virtually all his wealth through the Gates Foundation, estimating they would spend over $200 billion before closing by 2045."
"Current wealth estimates have been adjusted to better account for Gates' philanthropic contributions and aligning them with figures provided in a blog post."
Bloomberg recalculated Bill Gates' net worth, reducing it by 30% due to his charitable contributions, which decreased his fortune from over $175 billion to $124 billion. This adjustment placed him in 12th position on the Bloomberg Billionaires Index, behind Steve Ballmer, who now ranks fifth with a net worth of $172 billion. Gates' significant philanthropic commitment aims to donate most of his wealth through the Gates Foundation, with over $200 billion projected to be spent by 2045. Gates owns approximately 1% of Microsoft and has a substantial fortune managed through Cascade Investment.
Read at Business Insider
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