Bill Gates is once again the world’s richest person, thanks in large part to a slide over the past few days in the price of Mexican stocks. Gates bumps Mexican telecom mogul Carlos Slim from his perch as world’s richest, a post Slim has held for the past four years.

The swap happened at the end of the trading day on Monday, after America Movil shares dropped 0.24% from Friday’s closing price. That tiny shift–one quarter of one percent–dragged the biggest part of Slim’s fortune down by $82.7 million. Meanwhile, Microsoft shares rose 0.6%–yes, six tenths of one percent–from Friday’s closing price to Monday’s close, lifting this portion of Gates’ fortune by $88.4 million. With other holdings accounted for, Gates took the lead by just a hair, in billionaire terms: $140 million. Gates finished Monday’s trading with a fortune that Forbes estimates at $70 billion vs. Slim with $69.86 billion.

Slim’s fall from the top continued on Tuesday, when shares of America Movil sank another 1.55% by day’s end, dragging that piece of Slim’s fortune down by $529 million. The price of Microsoft dipped only slightly in Tuesday’s trading, 0.6%. That sent Gates’ stake in Microsoft down by $96.8 million. All in all, the gap between the billionaires’ fortunes widened to $504 million- real money for most of us, but not much to these two. Gates ended the day with a fortune we estimate at $69.9 billion vs. Slim with $69.4 billion.



The gap between their net worths continued to grow on Wednesday, to $624 million. Gates ended Wednesday’s trading day with a $69.8 billion fortune, Slim with a net worth of $69.1 billion.

For the 2013 World’s Billionaires List, Slim took the top spot with a net worth of $73 billion, while Gates came in at second richest with a net worth estimated at $67 billion.It isn’t just Slim’s America Movil that has been dropping lately. Shares in five companies in which he holds major stakes– among them Grupo Carso S.A.B. de C.V., Grupo Financiero Inbursa, Minera Frisco , Impulsora del Desarrollo y el Empleo, and Inmuebles Carso–were all down from Friday’s market close to Tuesday’s close.

The men have long battled for the top spot on the net worth race (it belonged to Gates for nearly a decade and a half before Slim claimed it in 2010, as my colleague Kerry Dolan explains). But they’ve been teaming up on philanthropy. At the Global Vaccine Summit in Abu Dhabi in April, Slim pledged $100 million towards Gates’ effort to end polio. The announcement marked the second time this year the pair have teamed up on philanthropy. In February, Gates joined Slim in Mexico to announce a philanthropic partnership aimed at improving agricultural research with the goal of reducing hunger. Neither man disclosed how much his foundation would dedicate to the effort.


http://www.forbes.com/sites/erincarlyle/2013/05/22/bill-gates-is-worlds-richest-bumps-slim/


http://abcnews.go.com/blogs/business/2013/05/bill-gates-once-again-worlds-richest-person/

Nigerian presidents nko

Dear nairalanders i would be spamming Nairaland as a form of protest at a particular moderator with the 100 email addresses im about to create, the point is it makes Nairaland unbearable and as all you see is post is hidden in almost evry thread you open. Thank you

WHO CARES!!!!

And I'm here commenting on nairaland

babaskool2: Dear nairalanders i would be spamming Nairaland as a form of protest at a particular moderator with the 100 email addresses im about to create, the point is it makes Nairaland unbearable and as all you see is post is hidden in almost evry thread you open. Thank you

some characters we have on here ehn ....funny shixt tho

Jay- Hahaha

Davido- Why u dey laugh?

Jay- I'v checked the List 1001 times, but couldnt find ur Dad's Name.

Davido- U dey Muah, whats dat suppose to mean?

Jay- Nothing now...just thought dat with all ur bragado ur Papa go dey on d list

Davido- U are M.ad once again, wey ur own father's Name?

Jay- O.B.O...u get mouth

Davido- Na me b dat oo

All this billions and I'm here thinking of how to make my million $$$..

Na car race!

bigx: And I'm here commenting on nairaland

Dem force you?

oluwacjay: WHO CARES!!!!

You seriously do and that's why you're hating right now haha

so au does dis news affect me? should i be happy or what? next.....

Men wey sabi.

Almubaraq1 cares with 1 kobo

Like seriously,what would happen to all the billions when he(gates) goes back home?...if only money can buy eternity.smh

Bill Gates abeg lay hands on me na make i tap dis anointing ooo!! Carlos Slim come lay legs on me!!!!!!!!!! maga must pay! I need am like mad

WHO CARES ? LET ME SEE HIM TAKE IT WITH HIM WHEN HE DIES THEN I WILL BE IMPRESSED

oh my junior brothers GATE AND SLIM FIGHTING

Na wa oh. I wonder what it feels like when one is at a station in life where it makes no difference whatsoever whether you gain or lose a few hundred million dollars! These men can't be 'mere' mortals, not in the ordinary sense.

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badoist: so au does dis news affect me? should i be happy or what? next.....

Stop hating sis....if Bill Gates son toast u nw, we no go rest for celebrity section of NL....na to dey post pictures of u nd d son of d richest man.

lhmmmm... nice cash

The money just too much for 1person, he no go even be able to spend 1/10 of it before he kick the bucket.

Bill fence Gates or Carlos orobo slim don't care who stays on top of the list.

FORBES and it's megalomaniac attitude is just creating a sense of inadequacy in people like me.

Culbobby: Like seriously,what would happen to all the billions when he(gates) goes back home?...if only money can buy eternity.smh

Unless you live under a giant rock somewhere far from civilisation, you should have heard that he has pledged most of his fortune to charity. Not just that, he is actively campaigning for other billionaires to do same. What more do you want?

I tell you what, this man stands a better chance of making heaven than the selfish and greedy pastors some of us 'worship' in this part of the world.

Learnt both men are philantropists.

What a nice achievement...

Na wa o...the 2 men are busy making their billions on a daily basis and some people are wasting their precious time doing calculations,analysis and comparism of their wealth instead of finding means to make money as well... I've always said it; time is the leveler of all things,its how u use ur time that makes u what u are. Time is the difference between the rich man and the poor man not money. A rich man will buy a poor man's time and ensure that such men don't have time to even think of what to do with their time... I refuse to use my time in arguing and convincing others about who I think is the richest man in the world

to all those asking "who cares", all i see is jealousy. U care but got no money of ya own