Why Bill Gates Lost His Rank As The Richest Person On Earth | Forbes

The following video is brought to you courtesy of the Forbes YouTube Channel. Click the video below to watch it now.

Bill Gates’ long streak as one of the top two richest people in America has come to an end.

For the first time since 1991, the Microsoft cofounder isn’t No. 1 or No. 2 on The Forbes 400, which annually ranks the richest people in the U.S. While Gates’s fortune jumped by $23 billion from a year ago—to an estimated $134 billion—it wasn’t enough to catch Amazon founder Jeff Bezos, Tesla CEO Elon Musk or Facebook CEO Mark Zuckerberg, whose fortunes reached new heights thanks to their respective companies’ rising share prices. Gates came in behind those three, landing at the No. 4 spot.

But the stock market isn’t the only reason Gates is down from No. 2 last year. A chunk of Gates’ net worth—at least $5.6 billion worth of shares in publicly traded companies—has gone to ex-wife Melinda French Gates after they announced their divorce in May. If his marriage and fortune had stayed intact, Gates would be richer than Zuckerberg, at No. 3 this year.

Read the full story on Forbes: https://www.forbes.com/sites/rachelsandler/2021/10/05/for-first-time-in-30-years-bill-gates-isnt-the-no-1-or-no-2-richest-person-in-america/?sh=15a9e9fa77e3

Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1

Stay Connected
Forbes newsletters: https://newsletters.editorial.forbes.com
Forbes on Facebook: http://fb.com/forbes
Forbes Video on Twitter: http://www.twitter.com/forbes
Forbes Video on Instagram: http://instagram.com/forbes
More From Forbes: http://forbes.com

Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.”

Forbes

Forbes

Leave a Reply

Recent Posts