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Currently, Bill Gates is a $2 Billion Richer

Bill Gates Became $2 Billion Richer Today

Can you say “passive income”? Bill Gates, who is already worth $122 billion, made an additional $2 billion on Wednesday from the 7.2% increase in Microsoft stock price.

According to Marketwatch, Gates had a great day on Wall Street. Microsoft’s stock rose by $19.95, to $295.37, the highest one-day gain in the company’s history. Gates owns about 1% of Microsoft and 103 million shares, making him the company’s largest investor. Not bad, taking into account Microsoft’s $2.2 trillion market valuation.

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Analysts say Microsoft’s stock rose today due to the company’s above-average quarterly profits. The financial market is also very positive about its AI products and services.

Not only did today’s news benefit Gates, but investors as a whole, as the Dow Jones Industrial Average recovered from its lowest day in a month.

To catch up to Bernard Arnault, the world’s richest man, who is worth over $200 billion, Gates will need many more days like today.

About Davie Bancroft

Davie Bancroft is an accomplished author with a strong focus on investment and the tech business landscape. With extensive knowledge and experience in these fields, he provides valuable insights into emerging trends and opportunities. Davie's writings explore the intersection of technology and finance, offering practical advice for investors and entrepreneurs. His expertise and analytical approach make him a trusted resource for those seeking to navigate the dynamic world of investments and tech startups.