For the first time in over 30 years, Bill Gates is no longer among the world’s top 10 richest individuals. According to Forbes magazine, Gates now ranks 12th in terms of wealth. This drop marks the end of his long-standing position in the elite top 10 list since 1991.
Gates’ decline in wealth is largely due to his 2021 divorce from Melinda French Gates. The division of assets significantly impacted his net worth, pushing him out of the top tier. Despite this, Gates remains one of the wealthiest individuals in the world, with vast philanthropic efforts through the Bill & Melinda Gates Foundation.
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In contrast, Elon Musk now holds the title of the richest person in the world. Larry Ellison ranks second, while Jeff Bezos follows in third. Mark Zuckerberg climbs to fourth place, signaling a shift in the wealth distribution among tech giants. Bernard Arnault and his family, known for luxury brands, rank fifth, followed by Warren Buffett in sixth. Larry Page holds seventh place, with Amancio Ortega in eighth.
This shift underscores a new era of wealth concentration among tech and business leaders. Gates’ exit from the top 10 highlights changing dynamics in the global economy, driven by factors like technological advancements and market fluctuations. Despite the drop, Gates continues to influence global philanthropy and the tech sector.
This ranking shift brings a new chapter in the financial world, reshaping the hierarchy among billionaires.
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