In August Gates donated $4.6bn worth of Microsoft shares to the Bill & Melinda Gates Foundation, the charity he set up with his wife to improve global healthcare and reduce extreme poverty.
The world's billionaires grew richer in 2017, with most of their profits being due to the rallying potential of global stock exchanges.Based on the Bloomberg account by December 26, the total assets of the Bloomberg Billionaires Index of 500 amounted to 5.3 trillion. dollars, from 4.4 trillion. dollars in December 2016.
At 159, the USA now has the biggest number of billionaires on the index, addeding $315 billion to hit a total net worth of $2 trillion.
The globe's 500 richest people, as measured by the Bloomberg billionaires index, have seen the value of the wealth increase by 23% so far this year, taking their combined fortunes to $5.3tn.
"It's part of the second-most robust and second-longest bull market in history", the report quoted Mike Ryan, chief investment officer for the Americas at UBS Wealth Management, as saying.
The Bloomberg Billionaires Index also shows that 38 of the world's richest people are from China, including iconic business moguls like Jack Ma and Pony Ma (not related), both of whom operate in the technology segment.
'Of all the guidance we gave people over the course of this year, the most important advice was staying invested'.
Another notable point is that for this year, the number of Asian billionaires surpassed the US for the first time.
New figures from Bloomberg show that the world's 500 richest people saw their wealth expand this year from $4.4 trillion to more than $5.3 trillion
At the summit of the billionaires pyramid this year: Jeff Bezos, the founder-boss of Amazon, whose fortune rose by 34.7 billion dollars (as of 28 December). The US has the largest presence on the index, with 159 billionaires who added $315 billion, an 18 per cent gain that gives them a collective net worth of $2 trillion.
The fortune of French telecommunications billionaire Patrick Drahi fell US$4.1 billion to US$6.3 billion, a 39 per cent drop. The U.S. was second, with 25 new 10-figure fortunes.
The biggest billionaire loser of 2017 was Saudi Prince Alwaleed Bin Talal, who lost $1.9 billion in stock options after he was arrested by the Crown Prince on suspicions of corruption.
He added $17.6 billion to his net worth, according to the Bloomberg Billionaire Index data compiled on December 20.
The Microsoft founder's overall net worth is now $91.3 billion.
CNBC's Robert Frank said this week that while 2017 was a good year for the ultra-rich, 2018 will be a "boom time for billionaires". Robert Mercer, 71, who plans to step down as co-CEO of the world's most profitable trading fund on January 1, couldn't be confirmed as a billionaire.
With wealth surging to new highs, billionaires may quickly learn that a billion dollars doesn't buy what it used to.
Japanese giant Softbank is set to take a large stake in Uber, expanding its holdings in transportation companies around the world. On Thursday it said that existing investors had agreed to sell enough shares for SoftBank to go through with the transaction.
Among the list of damaged masterpieces reportedly damaged by Laymen were two Andy Warhol paintings valued at $500,000 each. Lindy Lou Layman was arrested Saturday on criminal mischief charges after her date with Anthony Buzbee.
Tuesday's verdict, which came as a surprise in what was meant to be a session devoted to defense arguments, can be appealed. Plummer met her partner Aziz, also known as Caboo, three years ago in Sharm El Sheikh where he was working as a lifeguard.
The next Mega Millions drawing is Friday Dec. 29 with an estimated jackpot of $306 million and cash option of $191 million. If a MI player win's Friday's $306 million jackpot, it would be the largest Mega Millions prize won in the state.
If you get replaced by a soap opera, I'm totally going to submit a writing packet, so that's what I'm hoping for here. Then, not long before filming, he found a bottle of vodka that had been left in his dressing room, Herzog claimed.
United dominated in the second half and the result should never have been in question with 19 attempts on goal in the match. After United took the lead they were fortunate not to fall further behind, but showed character to come back and equalise.
We are able to do the work we love only because of your faith and support - and we will never forget that or take it for granted. It was discovered devices with their original batteries were much slower than ones that had their cells swapped out for new ones.
Mad About You was nearly canceled until it was slotted with Seinfeld and Frasier on must-see comedy Thursday nights in 1993. I always said no to a reunion or a reboot, and now that everybody keeps asking, it's possible...
The most popular items purchased by voice were the Echo Dot, Fire TV Stick with Alexa Voice Remote and TP-Link Smart Plug Mini. In the USA , more than 6,000 trailers and 32 Amazon Air planes helped get holiday orders to customers this season.
Haggins To Stay At Florida State
For the Seminoles, they want to end things with a win to carry some momentum into the offseason. Now that we have made it past Christmas, the holiday bowl season really starts to heat up.
USC QB Darnold has no qualm playing for Browns
While Rosen is not skipping his bowl game to prepare for the draft, several players have done so over the last couple of years. Sam Darnold said that he'd be "honored to play for any team", when asked how he would look in a Cleveland Browns uniform.