Bill Gates, the co-founder of Microsoft, is back on top of the world again as he reclaims the title of world’s richest man. He reigned once again after Microsoft shares, up 28% so far this year, closed at a five-year high Thursday for the second time this week.
Gates, 57 years old, hasn’t been No. 1 on the Bloomberg Billionaires Index since 2007, and his fortune, valued at $72.7 billion, is up 15% year to date. Less than 25% of his wealth is held in Microsoft, the world’s dominant PC operating system.
Bill Gates recaptured the honor from Mexican investor Carlos Slim, 73, who has watched the value of his shares of his America Movil decline 14% this year. It is the largest cellphone carrier in the Americas and its stock price drop has slashed some $3 billion from the telecom tycoon’s net worth.