- Bill Gates is the second-richest person in the world after Amazon CEO Jeff Bezos.
- The Microsoft cofounder is worth an estimated $US104 billion, according to the Bloomberg Billionaires Index.
- Gates is so rich that an average American spending $US1 is comparable to Gates spending $US1.06 million.
- Here are 11 mind-blowing facts that show just how wealthy Gates really is.
- Visit Business Insider’s homepage for more stories.
Bill Gates is the second-richest person in the world. The Microsoft cofounder is worth an estimated $US104 billion, according to the Bloomberg Billionaires Index.
His wealth is surpassed only by Amazon CEO Jeff Bezos, who has a current net worth of $US118 billion.
The next-richest person after Gates is Bernard Arnault, the French businessman who runs luxury-goods empire LVMH and is worth an estimated $US92 billion.
Gates is so rich that an average American spending $US1 is similar to Gates spending $US1.06 million. And that’s after the Microsoft cofounder has given away approximately 27% of his net worth to charity over the years.
Here are 11 mind-blowing facts that show just how wealthy Gates really is.
1. Bill Gates has become nearly $US12 billion richer in the past year alone.
On May 14, 2018, Gates’ net worth was about $US90 billion.
He’s $US28 billion richer than he was five years ago in 2014.
2. Based on how much wealthier Gates got in the past year, he makes approximately $US380 per second, according to Business Insider calculations.
That means it would not be worth his time to stop and pick up a $US100 bill that he dropped on the ground.
3. If Gates spent $US1 million a day, it would take him more about 285 years to spend his fortune, according to Business Insider calculations.
But although Gates indulges in a few luxuries – such as a private plane and a massive Washington home now worth $US125 million – the billionaire is known for being relatively frugal in his spending.
4. Gates’ $US104 billion fortune could buy 81.1 million troy ounces of gold, according to Bloomberg.
According to Bloomberg, that’s also the equivalent of 1.45 billion barrels of crude oil.
5. Although Gates made his fortune cofounding Microsoft with Paul Allen, he now only owns 1.3% of the company — and he’s still worth $US104 billion.
6. Gates has remained the second-richest person in the world even after giving away approximately 27% of his net worth to charity over the years.
In 2010, Gates and Warren Buffett – the world’s fourth-richest person – founded The Giving Pledge, a charity organisation that encourages the world’s wealthiest people to give the majority of their fortune to charity during their lifetime or after their death.
Gates has donated $US35.8 billion in Microsoft stock to the Bill & Melinda Gates Foundation, according to Forbes.
In 2017, he invested $US50 million into Alzheimer’s research and later gave another $US30 million to a “venture philanthropy” fund called Diagnostics Accelerator, which has the aim of diagnosing Alzheimer’s earlier.
Gates and his wife, Melinda, have also travelled to Tanzania and other countries for charity work. They have donated millions more to causes that include health and development and education.
7. Gates is so rich that an average American spending $US1 is similar to Gates spending $US1.06 million.
The median net worth of an average US household is $US97,300. Dividing $US104 billion by $US97,300 comes to about $US1.06 million.
8. Gates’ net worth is greater than the GDP of Croatia, Cambodia, and the Bahamas — combined.
Croatia’s GDP is about $US63.8 billion, Cambodia’s is $US26.6 billion, and the Bahamas’ is $US12.8 billion.
9. Gates is richer than the richest man in Asia and the richest man in China, combined.
Indian businessman Mukesh Ambani, worth $US55 billion, is the richest person in Asia.And tech tycoon Pony Ma, worth $US38.2 billion, is China’s richest person, according to Bloomberg’s Billionaires Index.
10. Gates could give every single living person on the planet $US10 — and still have more than $US30 billion left over.
The world population was 7,346,235,000 as of August 2016.
11. According to the Social Security Administration, the average American man with a bachelor’s degree will earn about $US2.2 million in his lifetime. Gates makes that in a little over an hour and a half.
According to the SSA, the average American woman with a bachelor’s degree will earn $US1.3 million in her lifetime.
Based on his earnings of $US12 billion in the past year, Gates makes about $US22,831 per minute, according to Business Insider calculations.
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