Microsoft's 2012 stock price increase added $7 billion to Gates' net worth

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McLovin

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Apr 17, 2011
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Neowin.net said:
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Bill Gates has more money than almost anyone else in the world. That's not news. What is news is the the fact that the founder and Chairman of Microsoft actually increased his net worth in 2012 and pushed his good friend Warren Buffet out of the second place spot on a constantly updated list of billionaires.

Bloomberg reports that Gates is now worth $63.4 billion, according to the Bloomberg Billionaires Index, which monitors the wealth of the world's 100 richest people on a daily basis. Gates gained $7 billion in 2012, which was due to the stock price of Microsoft going up 2.9 percent in the past year. However, his ownership of Microsoft stock represents less than 20 percent of Gates' net worth.

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