Bill Gates Is Once Again The World's Richest Man

 @AlexCKaufman
on May 16 2013 4:55 PM
Bill Gates
Billionaire philanthropist Bill Gates attends a news conference at the Global Alliance for Vaccines and Immunisation (GAVI) conference in London June 13, 2011. REUTERS/Paul Hackett

Bill Gates is once again the richest man in the world, thanks to a surge in Microsoft stock, according to Bloomberg.

Gates, who owns about 436 million shares of Microsoft Corp. (Nasdaq:MSFT) stock, and now has a net worth of $72.7 billion, has inched just ahead of telecom mogul Carlos Slim who is worth $72.1 billion.

Carlos Slim has been the world's richest man for four years in a row, according to Forbes, which also compiles a ranking based on people's net worth.

Microsoft stock has moved up more than 4 percent over the past five days, and is up more than 27 percent this year. Shares in Microsoft hit a five-year high on Thursday, Bloomberg reported.

Bloomberg's billionaire ranking, which lists all the world's wealthiest in order, has not yet been updated with Thursday's valuations.

Share this article

More News from IBT MEDIA