Bill Gates remains world's richest person [Times of Oman]
(Times of Oman Via Acquire Media NewsEdge) New York: The world's 200 wealthiest people added $29.4 billion to their collective net worth this week as slower-than-forecast growth in jobs eased investor concern about cuts to Federal Reserve stimulus.
Microsoft co-founder Bill Gates, 57, remains the richest person in the world. Shares of the world's largest software maker fell 6.7 per cent this week after the company announced a $7.2 billion takeover of Nokia's handset business. Gates's fortune has risen $8.2 billion this year to $71 billion, according to the Bloomberg Billionaires Index.
The Redmond, Washington-based company has lost more than $18 billion in market value since the purchase of Nokia's mobile-phone assets was disclosed, erasing all of the gains that followed the announcement last month that Steve Ballmer, its CEO, will retire within a year.
Payrolls in the US climbed less than projected in August and gains for the prior two months were revised down, pointing to an expansion that's struggling to gain momentum. The addition of 169,000 workers last month trailed the 180,000 median forecast in a Bloomberg survey of 96 economists. Unemployment fell to 7.3 percent, the lowest since December 2008, as workers left the labour force. Ballmer's fortune jumped more than $900 million after announcing his retirement from the world's largest software maker on August 23. He is No. 48 on the Bloomberg ranking, is the company's largest individual shareholder after Gates. He has a net worth of $15.6 billion.
Mexico's Carlos Slim is $6.7 billion behind Gates.
The 73- year-old telecommunications tycoon's fortune has fallen $10.9 billion this year as his main holding, a 44 per cent stake in America Movil, the largest mobile-phone operator in the Americas, has fallen 14.5 per cent. No. 3 on the Bloomberg ranking is Berkshire Hathaway chairman Warren Buffett.
Shares of the Omaha, Nebraska-based company are up 25 per cent this year, elevating the 83-year-old's fortune to $57.2 billion.
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