Featured Articles

Intel releases tiny 3G cell modem

Intel releases tiny 3G cell modem

Intel has released a 3G cellular modem with an integrated power amplifier that fits into a 300 mm2 footprint, claiming it…

More...
Braswell 14nm Atom slips to Q2 15

Braswell 14nm Atom slips to Q2 15

It's not all rosy in the house of Intel. It seems that upcoming Atom out-of-order cores might be giving this semiconductor…

More...
TSMC 16nm wafers coming in Q1 2015

TSMC 16nm wafers coming in Q1 2015

TSMC will start producing 16nm wafers in the first quarter of 2015. Sometime in the second quarter production should ramp up…

More...
Skylake-S LGA is 35W to 95W TDP part

Skylake-S LGA is 35W to 95W TDP part

Skylake-S is the ‘tock’ of the Haswell architecture and despite being delayed from the original plan, this desktop part is scheduled…

More...
Aerocool Dead Silence reviewed

Aerocool Dead Silence reviewed

Aerocool is well known for its gamer cases with aggressive styling. However, the Dead Silence chassis offers consumers a new choice,…

More...
Frontpage Slideshow | Copyright © 2006-2010 orks, a business unit of Nuevvo Webware Ltd.
Thursday, 06 March 2008 07:46

Forbes? worlds? wealthiest list out

Written by David Stellmack
Image

Gates no longer number one

Forbes magazine publishes an annual ranking of the 1,000 wealthiest people in the world, and the list was just been released. Bill Gates is no longer number one on the list, as he's slid all the way down to number three.

The Forbes list indicates that Warren Buffett is now the wealthiest person in the world. Buffett is reportedly worth $62 billion, thanks in part to his wise investment in Berkshire Hathaway and other stocks many years ago. Gates and Buffett are personal friends and reportedly play bridge together. 

Gates’ fortune is now estimated at $58 billion, a $2 billion gain over last year, but his wealth has taken a hit, thanks in part to Microsoft’s unsuccessful bid for Yahoo!. Ironically, Buffett, who is elderly and has earned more than he could ever begin to spend, announced earlier that most of his fortune will go to the charitable Bill & Melinda Gates Foundation, which spends its funding on large global social issues, particularly poverty, health/medical research and education projects.

Bill Gates has announced that this July he will step down from his full-time position at Microsoft to focus on the Gates Foundation efforts. Gates has been selling some 20 million of his Microsoft shares each quarter and donating the proceeds to the charity, which now has assets of almost $38 billion.

The world’s number two wealthiest ranking goes to Mexican telecommunications guru, Carlos Slim Helú, chief owner of America Movil SAB de CV ADS, a Latin America provider of wireless mobile services; his reported net worth is currently $60 billion. Helú does not apparently believe in donating his profits to charity. Michael Dell of Dell Computer is listed as number forty on the list.

You can read the full Forbes list here.

Last modified on Thursday, 06 March 2008 08:29

David Stellmack

E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
blog comments powered by Disqus

 

Facebook activity

Latest Commented Articles

Recent Comments