The American Business magnate, and the fourth wealthiest man on the planet, Bill Gates recently announced his separation with wife Melinda Gates. After Gates made a formal announcement of his divorce with wife Melinda the internet has blown up with search on the billionaire’s wealth breakdown.
Bill Gates and the big settlement
The news of Gates partition is raising questions on how the couple would manage the divorce settlement. Bill Gates and Melinda Gates have spent 27 years of their life together building an empire worth USD 146 million. Being the fourth richest people in the world the split might come as a breakdown to the philanthropist’s wealth.
A report by Bloomberg mentions the directory of the US regulatory fillings dated on May 3. It says that Gates created holding company known as, ‘Cascade Investment’ along with Microsoft Corp. winnings has transferred securities worth more than USD 1.8 billion to Melinda French Gates.
Here are seven interesting facts to know about the Microsoft founder:
Gates became $41 billion richer in just the past year
One of the richest man on the planet, Gates income is measured can be measured in seconds. The sum calculated by Business Insider estimates the wealth of Gates to have increased over the past year to $146 million.
The tycoon is richer than the British Monarchy
Bill Gates is 66% richer than the British Monarchy. As per Forbes, the British Royal family is estimated to be containing $88 billion.
• An average American spending $1 is similar to Gates spending about $1.2 million
Net worth of an average US household is $121,700 as per the Federal Reserve data.
• What if Gates spent $1 million a day?
Even if Bill Gtes spent a million dollar per day it woul take more than 400 years for him to spend his entire fortune. Although Gates owns luxuries such as a private plane and a massive house in Washington worth $125 million he is known for being frugal in spending.
• Giving $15 to every human in the world would still leave Gates with 28 billion dollars
Tycoon can survive with the best luxuries even if he gave up $15 to every human being in the world is so extraordinary!
• Net worth of Gates is greater than the combined GDP of Luxembourg, Estonia, and Bolivia
Yes you got it right! He is this rich. Luxembourg’s GDP as per World Bank is $71 billion and the other two are worth $31.4 and $40.8 billion.
• Bill Gates remains the fourth- richest even after giving away most of his to charity
The Bill & Melinda Foundations founded by the former couple in 2000 which is the biggest charity foundation in the world. Even after giving $41 billion to charity over the years Gates remains the fourth- richest on the planet.
However, Bill and Meinda will remain co-chairs and trustees of their charitable organisation following their divorce as per a spokesperson.