Bill Gates lost $18 billion, but at a net worth of $40 billion he still regained his title as the richest man on Earth, according to Forbes ranking of the world’s billionaires. Gates is followed by No. 2 seed Warren Buffett, who is worth $37 billion (and lost $25 billion).
The Forbes profile of Gates describes him in these words:
Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft. Stock down 45% in past 12 months. “Creative capitalist” wants companies to match profitmaking with doing good.
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