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NEWS OF THE WEEK

Bill Gates Net worth hits an all time high of $90 billion

The net worth of World’s richest person-Bill Gates-reached $90 billion on Friday for the first time in history fuelled by the gains in public holdings such as Canadian National Railway Company and Ecolab Inc.
Gates, who stepped down as a chairman of Microsoft in early 2014 but has remained a board member of the company he cofounded ,owns roughly 2.5% of Microsoft, which accounts for just under 15% of his fortune.
He is now almost $13.5 billion richer than the second richest person in the world-Amancio Ortega-Spanish mogul behind the fashion retailer Zara ,and a shocking $23 billion richer than Warren Buffet, CEO of Berkshire Hathaway who is worth $67 billion.

The Microsoft co-founder’s fortune is now equal to 0.5% of US GDP.

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