Bill Gates is no longer the richest man in the world

SUBMAN1 · 03-06-08, 10:28 AM

Interesting twist!

Crap - he is now third place!!!

-S

http://www.theregister.co.uk/2008/03...bes_rich_list/

joea · 03-06-08, 12:25 PM

I'd love to be in 100th place frankly.

danlisa · 03-06-08, 12:38 PM

Yep, those 360 replacements were always going to hurt.

<Mumble Grumble> F'ing rich bast*rds.

FIREWALL · 03-06-08, 12:39 PM

I'm sure that just breaks Billy's heart. :rotfl:

03-06-08, 01:03 PM

Yep, it can't last forever. Luck will always disappear sometime.

Poor Billy lol

SUBMAN1 · 03-06-08, 02:24 PM

Well, considering that Bill owns about 2 Billion stocks in MS, A simple change of $2 in Microsoft stock price would reverse that. Isn't that sick? Its hard to fathom that such a small change in MS stock could make your wealth fluctuate so wildly.

-S

RickC Sniper · 03-06-08, 02:32 PM

Actually, Buffet and Gates are good friends. Gates is on the board of directors of Berkshire Hathaway, the company mostly responsible for Buffet's recent profits.

Buffet recently gave 30 billion to the Bill & Melinda Gates Foundation charity.

"In June 2006, Warren Buffett gave approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately USD 30.7 billion as of June 23 2006; making it the largest charitable donation in history. The foundation will receive 5% of the total donation on an annualized basis each July, beginning in 2006."

source: http://en.wikipedia.org/wiki/Warren_buffet

Torvald Von Mansee · 03-06-08, 02:35 PM

It must suck to be him.

RickC Sniper · 03-06-08, 02:36 PM

Only 2 billion in Microsoft? Are you sure?

SUBMAN1 · 03-06-08, 03:25 PM

Quote:

Originally Posted by RickC Sniper

Only 2 billion in Microsoft? Are you sure?

No - its 2 billion stocks worth who know what they are worth today. So if the price goes up even $1, he nets $2 billion each time that happens.

-S

silentrunner · 03-06-08, 04:30 PM

I bet Buffett got all of his investment tips from this guy

bradclark1 · 03-06-08, 08:38 PM

Cramer does get worked up about investing. I don't watch his show but I do enjoy it when he has the odd spot on the news etc.

FIREWALL · 03-06-08, 09:06 PM

Billy is still at third place a hell uv'e a long way above the third poorest guy in the world. :p

Sailor Steve · 03-06-08, 10:06 PM

Quote:

Originally Posted by FIREWALL

...the third poorest guy in the world. :p

That certainly wouldn't be me, but I'm pretty close.:rotfl:

SUBMAN1 · 03-06-08, 10:52 PM

Quote:

Originally Posted by Sailor Steve

Quote:

Originally Posted by FIREWALL

...the third poorest guy in the world. :p

That certainly wouldn't be me, but I'm pretty close.:rotfl:

If you want to put it into perspective, unless our net worth is in the 7 digit range, we 'all' aren't far off.

These days, you can work at McDonalds and still retire a millionaire if you are smart with your money, so being worth 7 digits is not all that big a deal and easily obtainable. Being worth 8 digits however is a little more respectable.

So for the future, in my book you are broke unless you come packing $10 Mil or more.

-S

03-06-08, 10:28 AM	#1
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Bill Gates is no longer the richest man in the world Interesting twist! Crap - he is now third place!!! -S http://www.theregister.co.uk/2008/03...bes_rich_list/ __________________

03-06-08, 12:38 PM	#3
danlisa Navy Seal Join Date: Oct 2005 Location: Cornwall, UK Posts: 5,499 Downloads: 45 Uploads: 1	Yep, those 360 replacements were always going to hurt. <Mumble Grumble> F'ing rich bast*rds. __________________

03-06-08, 12:39 PM	#4
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	I'm sure that just breaks Billy's heart. :rotfl: __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???

03-06-08, 02:24 PM	#6
SUBMAN1 Rear Admiral Join Date: Apr 2005 Posts: 11,866 Downloads: 0 Uploads: 0	Well, considering that Bill owns about 2 Billion stocks in MS, A simple change of $2 in Microsoft stock price would reverse that. Isn't that sick? Its hard to fathom that such a small change in MS stock could make your wealth fluctuate so wildly. -S __________________

03-06-08, 02:32 PM	#7
RickC Sniper Undetectable Join Date: Sep 1999 Location: Colorado Posts: 1,221 Downloads: 132 Uploads: 0	Actually, Buffet and Gates are good friends. Gates is on the board of directors of Berkshire Hathaway, the company mostly responsible for Buffet's recent profits. Buffet recently gave 30 billion to the Bill & Melinda Gates Foundation charity. "In June 2006, Warren Buffett gave approximately 10 million Berkshire Hathaway Class B shares to the Bill & Melinda Gates Foundation (worth approximately USD 30.7 billion as of June 23 2006; making it the largest charitable donation in history. The foundation will receive 5% of the total donation on an annualized basis each July, beginning in 2006." source: http://en.wikipedia.org/wiki/Warren_buffet __________________ Support Subsim http://www.subsim.com/store.html

03-06-08, 12:25 PM	#2
joea Silent Hunter Join Date: Jul 2002 Location: At periscope depth in Lake Geneva Posts: 3,512 Downloads: 25 Uploads: 0	I'd love to be in 100th place frankly.

03-06-08, 01:03 PM	#5
AdlerGrosmann Stowaway Posts: n/a Downloads: Uploads:	Yep, it can't last forever. Luck will always disappear sometime. Poor Billy lol

03-06-08, 02:35 PM	#8
Torvald Von Mansee Sea Lord Join Date: Apr 2006 Location: CA4528 Posts: 1,693 Downloads: 3 Uploads: 0	It must suck to be him. __________________ "You may not be interested in war, but war is interested in you" - Leon Trotsky

03-06-08, 02:36 PM	#9
RickC Sniper Undetectable Join Date: Sep 1999 Location: Colorado Posts: 1,221 Downloads: 132 Uploads: 0	Only 2 billion in Microsoft? Are you sure? __________________ Support Subsim http://www.subsim.com/store.html

03-06-08, 04:30 PM	#11
silentrunner Watch Officer Join Date: Aug 2007 Location: Mind your own business English Types Posts: 334 Downloads: 0 Uploads: 0	I bet Buffett got all of his investment tips from this guy __________________

03-06-08, 08:38 PM	#12
bradclark1 Ocean Warrior Join Date: Feb 2003 Location: Connecticut, USA. Posts: 2,794 Downloads: 29 Uploads: 0	Cramer does get worked up about investing. I don't watch his show but I do enjoy it when he has the odd spot on the news etc. __________________

03-06-08, 09:06 PM	#13
FIREWALL Eternal Patrol Join Date: Mar 2006 Location: CATALINA IS. SO . CAL USA Posts: 10,108 Downloads: 511 Uploads: 0	Billy is still at third place a hell uv'e a long way above the third poorest guy in the world. :p __________________ RIP FIREWALL I Play GWX. Silent Hunter Who ???