#BillGates was long known as the richest person in America. Starting in 1991, he ranked either first or second on the
#Forbes400 list of the country’s wealthiest people every year for nearly three decades.
He fell below the No. 2 spot in 2021. Now, for the first time in 34 years, Gates is not even in the top ten. He ranks No. 14 on this year’s Forbes 400–just behind Bloomberg LP cofounder Mike Bloomberg and one spot ahead of the country’s (and the world’s) richest woman, Walmart heiress Alice Walton. Of course, Gates still commands a massive fortune–Forbes estimates he’s worth $107 billion, the same as a year ago.
As other billionaires on the list get richer, Gates is determined to get poorer. In May he announced that he plans to give away 99% of his remaining fortune to his charitable Gates Foundation over the next two decades. The foundation will shut its doors in 2045, the year Gates will turn 90.
Keep reading at the link in our bio. (Photo: Justin Tallis via Associated Press)