Gates drops below 3rd place for the first time in the list of rich people

The divorce and subsequent division of property between Bill Gates and Melinda Franche-Gates is the main reason for this decline. Gates has been one of the richest billionaires since 1987, and this is the first time he has fallen below 3rd place on the Forbes list.

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Gates investment company Cascade Investment LLC (CAS) on Thursday transferred $ 2.4 billion worth of shares to Melinda Franche-Gates, raising her wealth to $ 5.6 billion. Bill Gates had already lost $ 3.2 billion in May after the couple announced their divorce.

Bill Gates’ wealth is now $ 129.6 billion, while Zakerberg is in 4th place with $ 132 billion in wealth.

According to the US Securities and Exchange Commission (SEC), Melind Franche-Gates has received 3.3 million AutoNation shares from CAS, 2.8 million from Deere & Co. shares and 9.5 million Canadian National Railway shares.

The Gates couple decided to divorce after it became known that Bill Gates had been friends with the scandalous businessman Jeffrey Epstine. Gates was also the subject of an investigation into a possible relationship with a Microsoft employee in 2000.