Bill Gates again tops world's billionaire list

Microsoft holdings now account for just 13% of wealth

Bill Gates, co-founder and former CEO of Microsoft, was the world's richest person in 2016, the fourth year in a row he has headed the list, Forbes said today.

But Gates' fortune did not rely on the Microsoft shares he held, filings with the U.S. Securities & Exchange Commission (SEC) showed.

Forbes pegged Gates' total worth at $86.8 billion, more than $9 billion more than the next-richest person on the planet, Warren Buffet. However, in a February filing with the SEC, Gates said that he owned 174,992,934 Microsoft shares. At Monday's opening price, that portfolio would be worth approximately $11.4 billion.

That amount represented 13.1% of Gates' wealth as estimated by Forbes.

Gates has regularly sold chunks of his Microsoft holdings. For more than a decade he has sold about 80 million shares annually -- usually 20 million per quarter -- in a long-standing plan to fund the Bill & Melinda Gates Foundation. In several transactions last month, Gates sold exactly 20 million shares for a total of $513.3 million.

As of Sept. 30, 2016, Gates owned about 2.5% of all Microsoft shares, according to another SEC filing.

But even if Gates' fortune was limited to his Microsoft holdings, he would still have appeared on Forbes's billionaire list. The $11.4 billion in Microsoft would have put the 60-year-old Gates in a tie with Lukas Walton -- an heir to the Wal-Mart fortune -- for the No. 120 spot.

At that place on the list, Gates would have edged out Eric Schmidt, chairman of Alphabet and former CEO of Google (No. 121) and easily beaten other technology names, including Gordon Moore, co-founder of Intel (No. 199), and Garrett Camp, co-founder and chairman of Uber (No. 233).

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.
Rocket to Success - Your 10 Tips for Smarter ERP System Selection

Tags Daily Briefing

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Gregg Keizer

Computerworld (US)
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Ben Ramsden

Sharp PN-40TC1 Huddle Board

Brainstorming, innovation, problem solving, and negotiation have all become much more productive and valuable if people can easily collaborate in real time with minimal friction.

Sarah Ieroianni

Brother QL-820NWB Professional Label Printer

The print quality also does not disappoint, it’s clear, bold, doesn’t smudge and the text is perfectly sized.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?