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.
Plummer, from Hull, had claimed the painkillers were for her Egyptian husband who suffers from severe back pain, the BBC reported. Jayne Synclair said her sister was in court on Christmas Day but the judge adjourned the case for a day because of her condition.
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.
The LOC did not offer specific details regarding the selection of the tweets for the archive moving forward. The collection of tweets will still proceed until December 31, 2017, but there will be heavily curated.
This comes five days after she suffered from a heart attack, leaving her in a six-day coma, according to reports. After a video of Garner's death went viral, activists gathered across the nation to protest police brutality.
An estimated 3.5 million Puerto Ricans were left in the dark after Hurricane Maria made a direct hit on the island in September. Army Corps of Engineers said it could be as long as eight months before the whole island's electric grid is restored.
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.
More Pregnant Mothers in California Are Using Pot
Researchers observed a sample of pregnant women in California and saw a 3-percent increase in use form 2009 through 2016. Marijuana use among pregnant mothers in California rose from 4.2 percent to 7.1 percent from 2009-2016.
Cold comfort: Weather could be colder
The week after Christmas has some brutally cold temperatures in store, with only three days of temperatures above single digits. The metro area could be looking at lows in the 20s or even the teens on New Year's Eve , according to forecasters.