Gates is the co-founder and chairman of Microsoft, the world's biggest software company. America's richest man owns 6 percent of the Redmond, Washington-based company, a stake that makes up about a quarter of his total wealth. The rest of his fortune lies in Cascade Investment, a closely held investment vehicle. He has gifted $28 billion to his foundation.
Bill Gates News
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If you’re a normal person, you probably don’t spend much time contemplating household hardware: how a hinge holds a door in place, how a knob feels in the hand. Rhett Butler -- possessor of the world’s largest collection of fine architectural fittings -- isn’t a normal person.
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Bill Gates is once again the world’s richest person.
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The richest man in Mexico is no longer the richest man in the world. Carlos Slim lost $2.3 billion, or 3.1 percent of his net worth, in the past week. That leaves Slim with an estimated net worth of $72.1 billion, putting him second on the Bloomberg Billionaires Index to Microsoft founder Bill Gates, whose fortune is estimated at $72.7 billion.As Bloomberg's Peter Newcomb and Crayton Harrison explained on Bloomberg TV, one reason for Slim's falling rank is political pressure on him in Mexico. Then there's also Bill Gates' rise, fueled by a 29 percent surge in Microsoft shares so far this year.
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U.S. stocks fell, ending four days of records for the Standard & Poor’s 500 Index, amid disappointing economic data and after a Federal Reserve official said the central bank may slow the pace of stimulus as early as this summer.
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OCI NV reduced the cash offer to stockholders of its subsidiary, Orascom Construction Industries, by 8.9 percent as it seeks to complete a tender for the unit’s shares listed in Egypt. The stock fell.
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Forget the old boy’s club. Groups like the Brazen Hussies, Power Bitches and SLUTS -- aka Successful Ladies Under Tremendous Stress -- are where today’s hot deals are being brokered and they’re strictly girls-only.
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Group of Seven nations agreed on the need to toughen international rules to prevent rich individuals and corporations avoiding taxes, with greater efforts to prevent tax evasion that deprives governments of billions of dollars.
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The world’s 200 richest people added $17.5 billion to their aggregate wealth this week as U.S. jobless claims fell to a five-year low, bolstering optimism in the economy.
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Microsoft Corp. co-founder Bill Gates said the wealthy should pay more as the U.S. continues to grapple with how to rein in its budget deficit.
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Now that the U.S. has formally accused the Chinese military of launching computer attacks, Microsoft Chairman Bill Gates has proposed a way to mediate such international disputes. The idea is technically feasible and seemingly the responsible way to handle conflicts in an increasingly interconnected world. And it likely won't happen anytime soon.
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