Over the last few days, we’ve been covering how Tesla CEO Elon Musk personal value increases together with the company’s share prices. Although Musk was enjoying his time at the top, leaving behind his space rival Jeff Bezos, there was an obvious question that needed to be answered. Where would Bill Gates be if he hadn’t sold his shares in Microsoft?
Gates co-founded Microsoft with Paul Allen in 1975. The company was private for more than a decade after eventually going public in 1986. As personal computers grew in popularity, Microsoft continued to become the world’s most valuable company in In 1998, Gates owned $ 2.6 billion in shares in the company, Bloomberg reported.
However, Gates resigned as CEO a few years later, but remained on the Microsoft board for another two decades. It was only when he decided to leave the board in 2020 and devote more time to his philanthropic activities that Gates decided to abolish the majority shares and reduce his ownership in the company to just over one percent. With such a small share, Gates is still the fourth richest man in the world, adding about $ 6.5 billion to his net worth in the last year.
Bloomberg did the math to calculate how much Gates would have cost today if he had held two billion shares he held in 1998. The answer is a whopping $ 693 billion. This is only three billion less than the total personal fortune of the first three people on the list of billionaires. Or just above GDP (GDP) of Saudi Arabia or Switzerland.
Backed by the digital boom of the pandemic, Microsoft recently overtook Apple to become the most valuable company in the world. If Gates held his stock, he would be out of range Musk and Bezos on the list of the richest people, and we probably wouldn’t write about Musk at all, because even after his recent meteorite rise, he would be climbing Everest in front of him. That’s a lot of money.