Although no longer the richest billionaire in the world, the Microsoft co-founder still earns about 11 million USD a day

According to Forbes, Bill Gates’s current wealth is 116.7 billion USD.

Microsoft Corporation co-founder Bill Gates held the title of richest person in the world for nearly 20 years, before being surpassed by Amazon.com founder Jeff Bezos. Now, Mr. Gates is in the top 10 richest billionaires in the world, according to Forbes’ list and Bloomberg’s billionaire index.

However, Mr. Gates’s hundreds of billions of dollars in assets is still a “dream” for everyone.

To illustrate the scale of the Microsoft founder’s assets, according to career information site Zippia, the average person earns about $2.7 million in their lifetime, while Bill Gates earns about $10.95 million. /day, or about 117 USD/second.

This means that the amount of money this billionaire earns in a day is 4 times what a normal person can earn in a lifetime.

Where does the money come from?

Although Bill Gates is best known as the man behind Microsoft, he has amassed a fortune greater than the value of his Microsoft shares. Of course, the Microsoft fortune remains an important part of his financial journey.

Since Mr. Gates and Paul Allen founded Microsoft in 1975, the company has dominated various technology markets, reaching a market capitalization of more than $1,000 billion in 2019. Sources say there are only about 12.5% of Mr. Gates’ net worth comes from Microsoft.

His wealth also comes from real estate investments, including the $127 million Xanadu 2.0 in Washington and the $18 million Rancho Paseana in California. Through his company Cascade, Mr. Gates also holds stakes in luxury hotels and other ventures.

In 2023, Mr. Gates continues to expand his investment portfolio, showing a strategic approach to wealth management. He acquired a 3.76% stake in Heineken Holding NV, worth about 939.87 million USD. This investment represents a diversification of his interests beyond the technology sector.

Mr. Gates also has agricultural land investments, owning about 242,000 acres or about 0.03% of total US agricultural land area. In an “Ask Me Anything” session on Reddit, the billionaire aims to increase productivity and create jobs through these investments, with decisions made by a professional investment team.

In addition, Bill Gates’ collection of luxury cars, private jets, and artwork both reflect his diverse interests and are valuable assets that contribute to increasing his wealth. of this billionaire.

How to spend money?

As one of the world’s leading billionaires, Mr. Gates is also one of those who is attached to charity work and is in a group of billionaires who have committed to giving away most of their assets.

Most of Mr. Gates’s income goes to charitable activities, mainly through his Foundation and his ex-wife, Melinda Gates. In 2023, the fund pledged to spend $8.3 billion to fight poverty, disease and inequality, marking a 15% increase over the previous year. The fund aims to increase payouts to $9 billion by 2026.