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Bill Gates’ fortune has dropped a staggering $51 billion in just days as he accelerates his charitable giving, according to the Bloomberg Billionaire Index.
Once the world’s richest man, Gates now ranks 12th on the index, with his net worth falling to $124 billion from $175 billion earlier this month. Among those who have surpassed him is his former Microsoft colleague, Los Angeles Clippers owner Steve Ballmer, now the world’s fifth-richest person with $173 billion. Tesla founder Elon Musk tops the list at $360 billion.
Gates’ shrinking wealth is largely due to his pledge not to die rich. In May, he revealed plans to give away 99% of his fortune over the next two decades, with the Gates Foundation—created with his former wife Melinda—set to close on December 31, 2045.
Once the world’s richest man, Gates now ranks 12th on the index, with his net worth falling to $124 billion from $175 billion earlier this month. Among those who have surpassed him is his former Microsoft colleague, Los Angeles Clippers owner Steve Ballmer, now the world’s fifth-richest person with $173 billion. Tesla founder Elon Musk tops the list at $360 billion.
Gates’ shrinking wealth is largely due to his pledge not to die rich. In May, he revealed plans to give away 99% of his fortune over the next two decades, with the Gates Foundation—created with his former wife Melinda—set to close on December 31, 2045.