Microsoft co-founder and leading philanthropist Bill Gates has reclaimed his position as the world’s richest man, despite having donated over $28 billion to charities through the Bill & Melinda Gates Foundation. The resurgence of Gates as the world’s richest individual is the result of Microsoft shares posting gains of 28 percent on the stock market this year, as his 6.3 percent stake in the corporation makes him the largest individual shareholder.
Gates has an estimated worth of $72.7 billion, which gives the Microsoft chairman the number-one spot on the Billboard Billionaires Index for the first time since 2007. Mexican investor Carlos Slim, who saw his shares of America Movil decline 14 percent this year, was the most recent titleholder of “world’s richest man,” and now sits in second. American businessman Warren Buffett is third-richest with $59.7 billion.