Bill Gates

Bill Gates, co-founder of Microsoft Corp. reclaims the world’s richest man title. Gates reclaims the title from Mexican investor Carlos Slim yesterday, according to the Bloomberg Billionaires Index. Microsoft stocks just hit a five year high. This inturn helped Gates, who still has significant stocks in the company, regain the title for the first time since 2007. His wealth is now valued at $72.7 billion, while Slim stands at $72.1 billion. Bill Gates is again titled world’s richest person after six years.

Bloomberg reports:

“Slim’s America Movil (AMXL) SAB, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico’s Congress passed a bill that could quash the billionaire’s market dominance. That’s helped erase more than $3 billion from the 73-year-old tycoon’s net worth.”

Source: bloomberg