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Wednesday, March 11, 2009

2009 List of World Billionaires..anyone from hip-hop there yet? Who's #1?


1. William Gates III

Net Worth: $40 billion

Source: Microsoft/U.S.

Age: 53

Marital Status: Married, three children

* Software visionary regains title as the world's richest man despite losing $18 billion in the past 12 months.
* Stepped down from day-to-day duties at Microsoft last summer to devote his talents and riches to the Bill & Melinda Gates Foundation.
* Organization's assets were $30 billion in January; annual letter lauds endowment manager Michael Larson for limiting last year's losses to 20%.
* Gates decided to increase donations in 2009 to $3.8 billion, up 15% from 2008.
* Dedicated to fighting hunger in developing countries, improving education in America's high schools and developing vaccines against malaria, tuberculosis and AIDS.
* Appointed Microsoft Office veteran Jeffrey Raikes chief executive of Gates Foundation in September. Gates remains Microsoft chairman.
* Sells shares each quarter, redeploys proceeds via investment vehicle Cascade; more than half of fortune invested outside Microsoft.
* Stock down 45% in past 12 months.
* "Creative capitalist" wants companies to match profit making with doing good.
click here for the full list

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