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Bill Gates' Networth Nosedives Further, as he Transfers more Shares to Ex-wife

Bill Gates, the co-founder of Microsoft Corporation, has fallen further down on Forbes real-time billionaire ranking.

Gates, who was once the world's wealthiest man and more recently the world's fourth-richest man, has slipped to fifth place. He is now worth $129.6 billion, according to Forbes, just a little less than Facebook CEO Mark Zuckerberg.


This came after a new round of stock transfers to his ex-wife, Melinda French Gates, now estimated to be worth $5.6 billion.


On Thursday, about $2.4 billion in equities were transferred from Gates' financial entity, Cascade Investment LLC, to Melinda.


“Melinda received 3.3 million shares of AutoNation AN +0.5 per cent, valued nearly $392 million, according to SEC filings,” according to the billionaire's stock transfer in May. She now owns 8.8% of the Florida-based auto dealership. Cascade also 2.8 million shares of Deere & Co., a farm equipment manufacturer, were transferred. DE +0.9 per cent is currently worth $1 billion, while Canadian National Railway Company has 9,5 million shares worth $1 billion, according to Forbes.

Melinda will most certainly receive shares from her ex-other husband's interests, however, the exact amount she will receive from him is unknown.


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