If he hadn’t made this error, the billionaire would have been wealthier than Amazon founder Jeff Bezos and Tesla CEO Elon Musk combined.
Bill Gates, the billionaire, may be experiencing a great deal of regret, judging on the price of Microsoft shares.
If he had held onto his stock, he may have become wealthier than Amazon founder Jeff Bezos and Tesla creator Elon Musk combined.
According to Bloomberg data, the fourth richest individual in the world, worth an estimated $US138.5 billion, owned the equivalent of more than 2 billion shares in Microsoft in September 1998, when the business became the world’s most valuable company for the first time.
While Microsoft has been pushed off the most valuable perch in the coming years, it recently reclaimed the top spot from Apple at the end of October.
This would have valued Gates’s billions of shares at almost $US693 billion on Friday, more than doubling Musk’s net worth of $US340.4 billion and more than tripling Bezos’s net worth of $US200.3 billion.
However, he sold the majority of his shares last year when he announced his departure from the Microsoft board of directors in March 2020 to focus on his philanthropic endeavors.
He reportedly quit because the Microsoft board was investigating the billionaire’s love relationship and romance with a female employee.
In May, Bill and Melinda Gates surprised the world by announcing their divorce.
Three months after publicly proclaiming their desire to dissolve their marriage, the power couple finalized the terms of their divorce.
The couple agreed to the divorce on the basis of a separation contract outlining how they would divide their property, debts, and court costs; however, the separation contract was not made public because it was not filed during the court procedures.
However, Gates may not be able to stay up with Musk’s ambitions in the long run, since it is expected he will set a new record as the world’s first trillionaire.
With an estimated fortune of $241 billion, Morgan Stanley analysts predict he might become a trillionaire. Surprisingly, it will not come from Tesla, his electric car company.
Rather than that, it was projected that his space exploration company SpaceX, created in 2002, would generate revenue.
Meanwhile, Bezos’ firm Amazon is experiencing labor shortages and supply chain problems, with the internet giant recently reporting that its operating income fell to $US4.9 billion ($A6.5 billion) in the third quarter, down from $US6.2 billion ($A8.2 billion) in the same quarter last year.
Additionally, it forecasts fourth-quarter revenue of between zero and $US3 billion ($A3.9 billion), a significant decrease from last year’s $US6.9 billion ($A9.15 billion).