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[FNC] Bill Gates Reclaims Title of World's Richest Man

2700 Views 42 Replies 35 Participants Last post by  Sm3gH3ad
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The global economic crisis has reduced the number of billionaires and made the richest people in the world poorer, according to Forbes magazine.

Forbes found 793 billionaires in 2009, down 30 percent from a year earlier. This is the first decline since 2003.

The total net worth of people on the magazine's list this year fell 46 percent to $2.4 trillion. The average billionaire is now worth $3 billion, 23 percent less than in 2008.

Despite losing $18 billion in the past year, Microsoft Corp. co-founder Bill Gates reclaimed the title of richest man in the world, with a total net worth of $40 billion.

Warren Buffett is No. 2, with $37 billion. He lost $25 billion in the past year as shares in his company, Berkshire Hathaway Inc., dropped nearly a third in value.

Click here to read the full list from Forbes.com

Mexican telecom titan Carlos Slim Helu, who lost $25 billion, is third, and Oracle Corp. Chief Executive Larry Ellison is No. 4.

New York City Mayor Michael Bloomberg, at No. 17, is the only member of the top 20 whose net worth climbed during the past year. Bloomberg, who makes a salary of $1 a year as mayor, benefited from a re-evaluation of his company, Bloomberg LP. He also bought a 20 percent stake in his company from cash-strapped Merrill Lynch in July for $4.5 billion.

Thirty-two Russians made Forbes' list, down nearly two-thirds from the 2008 total.

FoxNews
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1 - 20 of 43 Posts
Go get 'em, Bill.
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Bloomberg, who makes a salary of $1 a year as mayor

wow , thats a low salary for a mayor??
Oh my, those rich people are now poorer and now having to make ends meet with a measly 3 billion (average) each. We should give them some bail out stimulus while the rest of the planet watches good jobs disappear and has to settle for minimum wage jobs.
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Dear Bill,
I lead a small foundation that is always looking for more donations to help. If you would like to donate, please PM me.
Thanks

P.S. It's called the 'Help Daniel (KC_Flip) Pay His Student Loans Foundation'

----

At least Bill Gates tries to do some good with his money and all of his foundations, but wow, losing $18 billion. It would be nice to even have that much to worry about losing.
why should i care about how rich people are that i dont know?
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Originally Posted by porky View Post
wow , thats a low salary for a mayor??
Depends what his 'bonus' structure and benefit package is. Chances are it will be hefty and far outweigh a 'standard' salary
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I saw this on yahoo as well, i am REALLY REALLY REALLY shocked bill gates is number 1. Last year he was beaten out by these oil giants in the middle east, who had around 80billion i believe. It would be interesting to see hear what happened to those guys.
"lost $25 billion"

That is really something.
Can I just have 1 measly million. Or even 1/2 a million? C'mon Bill... you don't need 40,000 million dollars!
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Originally Posted by RAFFY View Post
It would be interesting to see hear what happened to those guys.
You have to ask?
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Bloomberg's salary is $1, because the city is in huge debt. He is also filthy rich and his company will keep doing well. ~50k doesn't make a dent in his earnings. He also lives in his own mansion and doesn't prefer the traditional Mayor's mansion lol.

The $1 salary is a good way to help the budget and get some votes. I don't think most people know that he just signed a bill so he can get re-elected for a 3rd term.
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Originally Posted by SpuddGunn
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Depends what his 'bonus' structure and benefit package is. Chances are it will be hefty and far outweigh a 'standard' salary

He is already a billionaire, chances are he just took a $1 salary as a publicity stunt.

He apparently rides the subway most every day too.
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Originally Posted by Arkanor
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He is already a billionaire, chances are he just took a $1 salary as a publicity stunt.

He apparently rides the subway most every day too.

Yup, he doesn't need the money and would rather give back to the city..
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Bill Gates and Warren Buffet are two of the only super-rich that don't irk me.
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Originally Posted by iandh
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Bill Gates and Warren Buffet are two of the only super-rich that don't irk me.

Lol bill gates irk's me. I wish i could of paid 30grand for DOS and turned it in to billions!!!
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Beyond a certain point having more/less money doesn't really affect lifestyle.
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Originally Posted by RAFFY
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Lol bill gates irk's me. I wish i could of paid 30grand for DOS and turned it in to billions!!!

I get ya, but you have to think, at the time it really probably wasn't such an obvious move to most folks.

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Originally Posted by TFL Replica
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Beyond a certain point having more/less money doesn't really affect lifestyle.

Money only affects lifestyle if you let it. My boss has 15+ million (that we know about), and still lives in an average 1800sq/ft house, drives a semi-average car, and works 8-10hrs a day.
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