As a result of Tuesday's jump in the value of shares of Canadian National Railway Company and Ecolab, the net worth of Bill Gates has crossed the $90 billion thresholds. The richest man in the world has stakes in small companies that have paid a lot of time.
Although this is a lot of money, Mr Gates had done more in 1999 (July 16, 1999, to be exact), when his net worth in the United States reached $140 billion. He was at the height of the bubble and the Internet rumours flying was that Microsoft might transfer its Internet assets into a separate company that would have its IPO. Rumour has sent Microsoft shares by clouds near a record $ 99.4375. As the owner of 20% of the equity in the company Gates momentarily it was $100 billion - $140 billion by current dollar value today if adjusted for inflation.
But its net present value of US $90 billion today gives him a comfortable lead as the richest man in the world. The second richest man in the world, the Spanish executive single player and entrepreneur Amancio Ortega, has only $70 billion. Think about how many Zara shirts that have to sell to make up that $20 billion difference.
Mark Zuckerberg of Facebook, Harold Hamm shale oil producer Continental Resources, and Jeff Bezos of Amazon all saw jumps of billion dollars on a net basis this year, also. Bezos is now practically tied with Warren Buffett for third place in the ranking of the richest men in the world. Obviously, it is a good time to be a billionaire.
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