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Bill Gates drops in billionaire ranking after stock transfers to ex-wife
The co-founder of Microsoft Corporation, Bill Gates, has dropped in Forbes’ real time billionaire ranking.

Gates who was the fourth-richest man in the world dropped to the fifth position. According to Forbes, he’s now worth $129.6 billion, slightly less than Facebook CEO Mark Zuckerberg.

This was after a fresh set of stock transfers to his ex-wife Melinda French Gates who is now worth an estimated $5.6 billion.

Nearly $2.4 billion worth of stocks were on Thursday transferred to Melinda from Gates’ investment vehicle, Cascade Investment LLC.
The billionaire had transferred $3.2 billion worth of stocks to Melinda in May.

“Melinda received 3.3 million shares of AutoNation AN +0.5%, worth about $392 million, according to SEC filings. She now owns 8.8% of the Florida-based car retailer. Cascade also transferred 2.8 million shares of farm equipment maker Deere & Co. DE +0.9% now worth $1 billion and 9,5 million shares of Canadian National Railway Company, now also worth $1 billion,” Forbes reported.

Melinda will likely receive shares from her ex-husband’s other investments; the ultimate amount she will get from him is yet to be determined.

Adeeda:
Statistics shows that graduate are more likely to be rich, at least if not stupendously rich like Bill gates]

joshjc:
that's not true, what makes someone rich is hard work and zeal to be successful

Emmy9ite02:
Moral Lesson: Divorse is not a good thing. One will chase a thousand, 2 will put ten thousand to flight. Money doesn't buy a good marriage.

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Afriqan:
I am sure Bill's ranking will rise again, just like Bezos but this wealth splitting is why a lot of successful men in the west don't wanna marry anymore. In the Gates' case, at least the woman contributed to Bill's wealth in some ways, but imagine marrying a lady without 'shishi' in her account and she ends up taking half of your net worth after a divorce.

And the above goes both ways. Katy Perry also lost a lot after divorcing her British comedian ex, Russel Brand.

Honestly, signing a prenup isn't such a bad idea if there's true love...

kewhos:
I think Russel walked away without taking a dime. Legally $22 million was his if he wanted to but the guy nor collect