Bill Gates no longer in world’s top 10 richest; trails former Microsoft CEO Steve Balmer

Bill Gates, once the world’s richest person, is now no longer in the top 10 wealthiest individuals. According to the latest Bloomberg Billionaires Index, Gates has dropped to the 12th spot with a net worth of $124 billion as of 8 July 2025.

He now ranks behind Michael Dell, who is at number 11 with $137 billion, and Steve Ballmer, his former Microsoft colleague, who is far ahead at number 5 with $172 billion.

The drop is linked to a significant recalculation of Gates’s net worth by Bloomberg. The index adjusted his wealth to reflect his long-standing commitment to philanthropy. As a result, Gates’s wealth saw a reduction of about $52 billion, which has taken him out of the top 10 for the first time in several years.

A FOCUS ON CHARITY

This change does not come from poor performance in his investments, but from his decision to donate the majority of his fortune. Gates and his former wife Melinda have already donated over $60 billion to the Gates Foundation. In May this year, the foundation said it would spend another $200 billion by 2045, after which it plans to shut down operations.

“On the occasion of its 25th year, the Gates Foundation today made a new commitment to accelerate its mission to help all people live healthy, productive lives by spending $200 billion over the next 20 years. The decision marks a major acceleration in the foundation’s work and sets a new date of 2045 to sunset its operations,” the Gates Foundation said in a statement.

WHO ARE THE WORLD’S RICHEST NOW?

At the top of the list is Elon Musk with a net worth of $346 billion, even though he saw a daily fall of $15.3 billion. Mark Zuckerberg follows with $253 billion, then comes Larry Ellison with $248 billion. Jeff Bezos is in fourth place with $244 billion.

Steve Ballmer, once Microsoft CEO under Gates, is at number 5 with $172 billion. He is followed by Google co-founders Larry Page ($160 billion) and Sergey Brin ($150 billion).

Bernard Arnault, the only French national in the top 10, is at number 7 with $157 billion. Warren Buffett stands at $144 billion, while Nvidia CEO Jensen Huang and Michael Dell round off the top group with $138 billion and $137 billion respectively.

Gates, despite his drop in the list, continues to be one of the most influential philanthropists in the world. While others on the list are gaining wealth from booming tech stocks and business expansions, Gates is using his for global change.

– Ends

Published On:

Jul 8, 2025

Visited 1 times, 1 visit(s) today

Related Article

Celebrity #MeToo Cases Are Proving Tough to Convict

The prosecutor made a bold prediction during her closing argument. “For 20 years, the defendant got away with his crimes — that ends in this courtroom,” declared Assistant U.S. Attorney Maurene Comey last week in the government’s case versus Sean “Diddy” Combs. “It is time to hold him accountable … the defendant is not a

Elon Musk’s Net Worth Takes $15B Hit After Forming New Political Party

Elon Musk’s net worth has taken a $15.3 billion hit after the Tesla CEO announced he was to form a new political party. The news sent ripples through financial markets and spooked investors concerned about Musk’s political ambitions and possible implications for Tesla’s brand and business operations. Why It Matters Musk, the richest man in

Elon Musk Isn’t the First Businessman to Challenge the 2-Party System

Disillusioned by both the Republican and Democratic parties, a prominent businessman says he’s going to try something new and break up the two-party duopoly. This year, it’s Elon Musk, who says he’s forming the “America Party” after his political alliance with President Donald Trump ended in spectacular fashion. Four years ago, it was Andrew Yang.

Chinese Are Cheering On Elon Musk Against Donald Trump

Elon Musk’s move to launch a third party has been met with enthusiasm on Chinese social media, where many are reveling in the spectacle of the Tesla tycoon’s ongoing public feud with President Donald Trump. Chinese authorities, who typically steer clear of commenting on U.S. political infighting, have made no official statements, though government censors

0
Would love your thoughts, please comment.x
()
x