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Bill Gates Regains the Position of World's Richest Person
jones_supa writes "Bill Gates is once again the world's richest person. He recaptured the title from Mexican investor Carlos Slim, as Microsoft hit a five-year high. It is the first time Gates has held the mantle since 2007. His fortune is valued at $72.7 billion, up 16 percent year-to-date. At the same time, Mr. Slim's América Móvil, the largest mobile-phone operator in the Americas, has dropped 14 percent this year after Mexico's Congress passed a bill that could quash the billionaire's market dominance. That's helped erase more than $3 billion from the tycoon's net worth. What comes to Bill Gates, most of his fortune is held in Cascade Investment LLC, a holding entity through which he owns stakes in more than a dozen publicly traded companies and several closely held operations. He has donated $28 billion to the Bill & Melinda Gates Foundation."
The whole game is set up so that a few accumulate a lot that could otherwise be feeding the many.
- this entire story is of-course full of socialists envious (jealous) of more successful people, socialists that completely miss the entire point that wealthy individuals like Gates created that wealth, without them that wealth doesn't exist and it doesn't pay for anybody's food because it is not brought into existence in the first place.
Also this topic is filled with completely ignorant people that don't understand anything about economics, believing that money that Gates and other like him have money that is not in fact being used by the economy, as if it is outside of the economy. His money is being used productively, that's why he is able to grow it while donating huge amounts to charity.
Given the attitude of the mob in his place I would probably convert my money into gold or commodities, like oil or food and then shoot it into space with space rockets rather than donating it to anybody, it's immeasurable how sick and ignorant you all are.
You can't handle the truth.