This man was once richest in the world but now not in top 10 rank, still has more money than Mukesh Ambani, Gautam Adani, he is…

A major reason for his wealth decline is his divorce settlement from Melinda French in 2021.

Bill Gates, who was once the richest person in the world, is no longer part of the top 10 wealthiest individuals. He has dropped to 16th place on the Forbes real-time billionaire list, with a net worth of USD 102.9 billion, after losing USD 358 million. The co-founder of Microsoft was always included in the top 10 richest people list and was once the wealthiest man in the United States. The significant decline in Bill Gates’ wealth is notable and has drawn attention to the reasons behind this drop.

Reasons Behind the Decline in Bill Gates’ Wealth

A major reason for Gates’ wealth decline is his divorce settlement from Melinda French Gates in 2021. According to reports, the divorce settlement amount has tripled from initial estimates, making Melinda one of the wealthiest women in America, with a net worth of USD 29 billion.

Despite the decline in his wealth, Bill Gates’ commitment to philanthropy remains unwavering. The Bill & Melinda Gates Foundation, one of the largest charitable organizations globally, continues to focus on global health, education, and poverty alleviation. Gates has pledged that the foundation will stay active for at least another 25 years, even as he and Melinda each pursue their individual projects.

Bill Gates No Longer Dominates The Billionaires List

Currently, Gates is in the 16th position on the Forbes billionaires list. Reliance chairman Mukesh Ambani also plunged to 18th position with a wealth of USD 94.9 billion. Another Indian billionaire Gautam Adani is 25th in the ranking with a net worth of USD 57 billion.

While Bill Gates may no longer top the billionaire charts, his continued dedication to philanthropy showcases his commitment to making a lasting global impact, beyond financial success. Although he is no longer ranked among the world’s richest, he still possesses more wealth than individuals like Mukesh Ambani and Gautam Adani.