Bill Gates' Net Worth at $90 Billion Dollars -A New Record
A recent Bloomberg report announced that Bill Gates' Net Worth has reached a jaw dropping $90 billion dollars. He is $13 billion dollars richer than the second richest person in the world, the Spanish retail executive and founder of Inditex Amancio Ortega whose net worth is $76 billion built on Zara's undisputed dominance in the fast fashion industry.
This is the first time that the Microsoft founder's wealth reached the $90 billion dollar mark although he very nearly reached it earlier this year.
A Rise in Stock Market Value
Bill Gates' net worth of $90 billion dollars is truly in a mind boggling league of its own.
The tech billionaire reached the record last Friday due to a significant rise in the market value of his shares in Canadian National Railway Company and Ecolab according to a report from Bloomberg's Billionaires Index.
Undisputed World's Richest Man
Although occasionally challenged as the world's richest man in the past by the Spanish retail billionaire Amancio Ortega, Mexican telecom tycoon Carlos Slim and legendary investor Warren Buffet, Gates has held the title more times and far longer than any of the three men combined.
Remarkable Rise in Wealth
2016 has witnessed a prolific rise in Gates' wealth Bloomberg reports. In 2012, Gates' net worth was below $60 billion dollars, but at the first quarter of the year, his estimated net worth had increased to $75 billion dollars, which would then balloon to $90 billion as his cash and stocks holdings in various companies would give him a whopping $15 billion dollars in just six months.
World Wide Philanthropic Work
The unstoppable rise of Gates' wealth has powered his world wide philanthropic work in the nonprofit organization he and his wife put up -the Bill and Melinda Gates Foundation. Through the foundation, he has invested billions of dollars with unbridled enthusiasm in projects that have helped provide far flung African nations with clean water and the means to prevent the spread of malaria.
