Sees himself drop to position five on the world's wealthiest people list.
The Microsoft founder held the highly enviable tag of the world's richest person from 1995 to 2010 and then again from 2013 to 2017, when Jeff Bezos overtook him on the Forbes richest person's list.
Apart from Gates, Warren Buffett is also a regular contributor to the organization and has contributed over $35 billion to the Foundation's efforts since its inception, and Gates mentioned in the Twitter thread while thanking him. According to the filings made to the Securities and Exchange Commission , Gates donated close to $5.2 billion worth of shares of the Canadian National Railway Co. and $995 million worth of shares of Deere & Co.
The recent transfer takes the Foundation's endowment to around $70 billion. The amount also includes a $3.1 billion donation that Buffet contributes annually to the cause, which was received last month, according to aWhile the endowment sum increased, the transfer saw Gates' net worth slip to $112 billion, placing him fifth on Bloomberg's richest person's list. Elon Musk still rules the roost with, a distant second.
At the time of writing this, the Microsoft founder has moved to fifth position with about $12 billion separating him from his friend, Warren Buffett, in sixth place. With just a third of the $20 billion that Gates has committed to transfer to the Foundation, we could very soon see Gates slip down further in the list, somewhere in between Google founders Larry Page and Sergey Brin, who occupy positions seven and eight with $98 billion and $94 billion to their names.
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