Former Microsoft CEO Steve Ballmer now owns more shares in the giant computer company than its founder Bill Gates.
This is the first time that Gates is no longer the biggest individual shareholder of Microsoft.
Gates has sold almost 8 million Microsoft shares for the past several days which decreases his total to some 330 million. Ballmer, on the other hand overtakes him with 333 million shares.
Ballmer is one of the first people that Gates hired. This event can be considered as a passing of the torch from Gates to Ballmer, who was the CEO of the company until this year.
Gates is busy spending his time and all the money he amassed to run the Bill & Melinda Gates foundation. The organization was established back in 1997. This foundation has already spent $28.3 billion to fight poverty and hunger.
Despite Gates not being the biggest individual shareholder of Microsoft anymore, Forbes reports that he reclaimed his top spot in the magazine’s list of the richest billionaires in the world.
After four years, Gates is back on the top of the list overtaking Mexican telecom tycoon Carlos Slim Helu. Gates now has a net worth of $76 billion from last year’s $67 billion. Meanwhile Helu’s net worth is $72 billion.
According to Forbes, Gates got the top spot back due to a rally of Microsoft’s stocks. Forbes just released the report last Monday.
Third on the list of the world’s richest is the Spanish retail mogul Amancio Ortega who is worth $64 billion. Fourth is master investor Warren Buffet, with $58.2 billion, followed by Oracle founder Larry Ellison who has $48 billion.
There is a longer list this year because there are more billionaires now more than ever, according to Forbes. This year, there is an additional 268 more billionaires at the 1,645 billionaires this year compared to last year’s 1,377 billionaires.