World’s richest man Bill Gates ups fortune by $15.8b in 2013

Bill Gates recaptured the title of world’s richest person on May 16 from Mexican investor Carlos Slim. (File photo: Reuters)

A daily ranking of the world’s 300 wealthiest individuals has revealed that the richest people around the globe became even richer in 2013, according to the Bloomberg Billionaires Index, as Bill Gates was named the biggest gainer of the year.

Gates’ fortune increased by $15.8 billion to $78.5 billion, according to the Index, as shares of Microsoft, the world’s largest software maker, rose 40 percent.

He recaptured the title of world’s richest person on May 16 from Mexican investor Carlos Slim.

The ranking showed that $524 billion was added to the world’s top billionaires’ collective net worth.

According to the Index, the aggregate net worth of the world’s top billionaires stood at $3.7 trillion at the market close on Dec. 31.

The technology industry saw the biggest gains as it soared 28 percent in 2013.

John Catsimatidis, the billionaire founder of real estate and energy conglomerate Red Apple Group Inc., said in a phone interview with Bloomberg, that “the rich will keep getting richer in 2014,” as “interest rates will remain low, equity markets will keep rising, and the economy will grow at less than two percent.”
 

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Last Update: Wednesday, 20 May 2020 KSA 09:42 - GMT 06:42
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