Gates loses title of world's richest man

[thich]

Looks like Bill Gates got booted from #1 spot:


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http://www.cbc.ca/stories/2004/04/04.../kamprad040404

IKEA founder nails honour as world's richest man
Last Updated Mon, 05 Apr 2004 7:27:39
STOCKHOLM - The man who made billions of dollars selling people furniture they can assemble themselves has managed to build an estate bigger than anyone else on the planet, Swedish television reported on Sunday.

Ingvar Kamprad, the 77-year-old Swede who founded the IKEA retail chain, is worth $53 billion US, according to SVT2 news.

The figure puts him ahead of Microsoft chairman Bill Gates, 49, who Forbes magazine estimates is worth $47 billion US.

Sunday's broadcast report is based on an article set to appear in the Swedish business periodical, Veckans Affarer.

Kamprad's rise to the top is based largely on the drop in the U.S. dollar, according to SVT2.

The Swedish billionaire is well known for saving pennies and looking for bargains. Kamprad, who lives in Switzerland, still owns IKEA but no longer runs its daily operations.



Written by CBC News Online staff

[403Gemini]

Gates lost it years ago to the founder (family) of walmart

edit: at least i thought he did

id still rather be bill gates, only 49 with all that money, much better than bein 77 with all that money. youd be as usless as mr hilton with slutty grand daughters

[benyl]

Damn...

[Gonthro]

Originally posted by benyl
Damn...

[D'z Nutz]

I was always under the impression that Gates never was the world's richest man (USA, maybe). I thought there were like kings in the middle east that had more money from him from all the oil?

[Toma]

I dunno, but I do know if Bill Gates tried to collect all his money over a short period of time, he would be nowhere near the top of the list....

2 reasons, capital gains, and him selling huge quantities of stock would destroy the stocks value....

LOL, ok, ok, I just dislike the focker

[Weapon_R]

LOL Burn!..

Wait, he still has more money than I could ever spend in my lifetime

[jayq]

http://www.forbes.com/compensation/2...06kamprad.html

#1 the last 10 yrs and still is

[el_fefes]

Originally posted by 403Gemini
Gates lost it years ago to the founder (family) of walmart

I think the founder of walmart died, and distributed his fortune among some of his family and they're still some of the richest ppl in the world, even when it was divided

[ZorroAMG]

Originally posted by Weapon_R
LOL Burn!..

Wait, he still has more money than I could ever spend in my lifetime

Seriously, no he doesn't...think of it: a house in every cool country, 5 cars per, boats, helis, planes, bling...sheeit, i'd even buy new underwear and socks everyday and eat that $$ up in no time LOL

I'd own islands and shit too...yup SPENDING it is the EASY part..

[hjr]

i dont think that having stock value like they do really counts for as toma said, they cant actually use the money in terms of cash for selling their shares would kill the market for that companies shares.

[davidI]

The daughters of the founder of Wal-Mart are worth $20 Billion each I believe.

[syeve]

Interest alone would be tuff to chew through...

50,000,000,000 @ 6% (thats conservative with that kind of capital) = almost 3billion/year in interest ALONE!

~250,000,000/Month
~8,000,000/Day

Again, that interest alone!

[GorG]

Hmmmmm that would be nice , honestly if you had 46.6 billion all your ancestor would never ever have to work in their lives it would go on for hundreds of years. I mean the interest alone would secure a generation. When he would die he could spread it to 46 friends and family members and it still wouldn’t run out for hundreds of years.

[GingeRRRBeef]

Check this out

[YCB]

bill gates proabably gave a few billion dollars to charity and stuff.. thats why he's behind.. this swede guy is "well known for saving pennies and looking for bargains."

[accordboi_02]

Originally posted by Silver_SpecV
Check this out

ahahaha!
I must agree, IKEA does make crappy cars, LOL!!!

[B17a]

Originally posted by 403Gemini
Gates lost it years ago to the founder (family) of walmart

edit: at least i thought he did

id still rather be bill gates, only 49 with all that money, much better than bein 77 with all that money. youd be as usless as mr hilton with slutty grand daughters

I think collectively all of the Walton kids put together may be ahead of Gates. But Gates is way ahead of Buffett and #2.

[rc2002]

After 1 billion, I don't think it even matters anymore. It's not like you can spend that much money in a lifetime anyway!

[GingeRRRBeef]

Originally posted by richardchan2002
After 1 billion, I don't think it even matters anymore. It's not like you can spend that much money in a lifetime anyway!

Wanna bet? Give me a billion dollars and I'll show ya