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Bill Gates is now worth less than his former assistant, after his fortune was recalculated to reflect his philanthropy

Summary by Business Insider
Microsoft cofounder Bill Gates (left) and his former assistant and successor as CEO, Steve Ballmer, pictured in 1998.Getty Images / StaffBloomberg recalculated Bill Gates' net worth on Thursday to reflect recent philanthropic giving.The change lowered his net worth by 30%, sending him seven places down Bloomberg's rich list.Gates now sits in 12th place, behind his former assistant, Steve Ballmer, in fifth.Bill Gates lost about $52 billion or 30%…

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Business Insider broke the news in United States on Friday, July 4, 2025.
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