Forbes
@forbes·2.1M subscribers·11.3K videos
Why Bill Gates Lost His Rank As The Richest Person On Earth | Forbes
Posted
November 1, 2021
Views
57,633
Likes
1,086
Comments
163
Engagement
2.17%
November 1, 2021
57,633
1,086
163
2.17%
Every word spoken in this episode is indexed. Type any phrase to jump straight to the moment it was said.
Type any word or phrase that may have been spoken. Click a result to seek the player to that exact moment.
Try a name, a topic, or a quoted line
1:59Now PlayingBill Gates’ long streak as one of the top two richest people in America has come to an end.
For the first time since 1991, the Microsoft cofounder isn’t No. 1 or No. 2 on The Forbes 400, which annually ranks the richest people in the U.S. While Gates’s fortune jumped by $23 billion from a year ago—to an estimated $134 billion—it wasn’t enough to catch Amazon founder Jeff Bezos, Tesla CEO Elon Musk or Facebook CEO Mark Zuckerberg, whose fortunes reached new heights thanks to their respective companies’ rising share prices. Gates came in behind those three, landing at the No. 4 spot.
But the stock market isn’t the only reason Gates is down from No. 2 last year. A chunk of Gates’ net worth—at least $5.6 billion worth of shares in publicly traded companies—has gone to ex-wife Melinda French Gates after they announced their divorce in May. If his marriage and fortune had stayed intact, Gates would be richer than Zuckerberg, at No. 3 this year.
Read the full story on Forbes
Subscribe to FORBES
Stay Connected
Forbes newsletters
Forbes on Facebook
Forbes Video on Twitter
Forbes Video on Instagram
More From Forbes
Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success.
Sentinel Indexing in Progress
Metadata and chapters are available. Claim extraction for this episode is pending.
All video content is delivered via YouTube embedded players in accordance with the YouTube Terms of Service. Sentinel provides research tools that promote discovery and accountability across political media.
