Bill Gates Reclaims Title of World's Richest Man

BY: Jana Kasperkevic | Inc.com staff

Thanks to a $10 billion jump, Bill Gates surpassed Carlos Slim.

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As Microsoft shares hit a five year high Thursday, Bill Gates reclaimed the title of the world's richest man, according to Bloomberg News.

Bloomberg's Billionaire Index pinpoints Gates' value around a cool $72.7 billion. He surpassed Carlos Slim, who previously held the title with $550 million.

According to Bloomberg, "Slim’s fortune has dropped more than $2 billion this year as Mexico’s Congress passed a bill to quash the market dominance of the 73-year-old billionaire’s America Movil SAB."
Gates, Slim, and Warren Buffett, who placed third on Bloomberg's list, have been playing musical chairs with the title for the past five years.

This isn't the first time Gates has been named the world's richest man, or the second, according to Forbes. Pegging his worth around $40 billion, the magazine named Gates the world's richest man in 2009. Prior to that, he was at the top of Forbes' list every year from 1995 to 2007.