Bill Gates Could Be the Richest If He Hadn’t Met Warren Buffett!

According to Forbes 2023 and 2024 list Bill Gates, the sixth richest person in the worldcould actually have come first by a large margin.

Bill Gates, who founded Microsoft and added to his wealth, met the world’s best investor, Warren Buffett, and continued his investments. He would have been further along if he hadn’t met her.. This claim was made by a social media user. Now let’s look at the truth of this together.

User: ‘Be careful of friends who give advice.’ He shared.

According to the post, if Bill Gates had not met Warren Buffett and changed his investments, his wealth would have been much greater. Because Buffett He told Gates to diversify his portfolio. This caused Gates to sell his Microsoft shares.

According to the comment of the same user, his fortune is 138 billion dollars. If it weren’t for Buffet, it would be $1.33 trillion. which is more than 6 times the wealth of the world’s richest person ($211 billion).

His investments change completely from the moment he meets Warren Buffett.

Gates is one of the leading names in the technology world. He is also known as one of the richest people in the world. Warren Buffet is considered the most successful investor in the world. One day, the paths of these two ‘rich’ people cross and, according to Gates, They become ‘friends’.

Gates is also starting to implement the diversification principle in the portfolio, which is Warren Buffett’s investment strategy. For this diversity Sells shares of Microsoft. However, while the stocks in its diversified portfolio increase at a certain rate, Microsoft continues to increase at a steep rate (378% since the first day). The fact that the rich cannot become richer must have made us sad because we are struggling with the question “what if he hadn’t sold the shares?”

Considering Microsoft shares, it seems like a very justified share.

Bill Gates owned 49% of Microsoft in 1986. With the public offering, these shares decrease to 45%. He sells most of his 2.06 billion Microsoft shares in 1998. By 1999, Microsoft had exceeded $500 billion in value, and even then Gates had a 20% stake. But as we mentioned above It continues to sell its shares for diversification purposes.

Today, Microsoft’s market value is around 3.1 trillion dollars.. Bill Gates’ share here is only 1.38%. So, if he had not sold his shares, he would have actually had much greater wealth. In other words, with the idea of ​​diversity in investment, he set a stone in his path to becoming the ‘richest person’.

Vitalik Buterin reacted to the post that is constantly talked about and that portfolio diversification is not right.

Buterin, the founder of Ethereum, mentioned that diversification in the portfolio is good and savings should be made in this way. Also for sharing that denigrates diversity “This is terrible advice” he replied.

Despite all these posts and events, Gates has a great wealth and is very popular with his philanthropy.

From the moment Gates met Buffett charity work He became interested in. Because, in addition to being the most successful investor, Buffett also has the title of philanthropist.

His wife Melinda and Bill Gates, He uses some of his wealth for charity through the Bill & Melinda Gates Foundation. He makes prominent charitable contributions, especially in the field of health. It has many activities such as providing vaccine aid to many parts of the world, providing financial support to laboratories where vaccine studies are carried out, and sponsoring young people doing artificial intelligence and technological studies. Moreover, while doing these, he organizes Buffett and other rich business people to help.

Gates regularly donates his wealth to his own charitable foundation. “I have an obligation to return my resources to society in a way that will have the greatest impact.” He also stated on his X account that he will donate all his wealth in the future and will be removed from the World’s Richest List.

Let’s take a look at the top ten with the current ‘World’s Richest List’.

Since there is a change in Forbes’ October 2023 data, Forbes’ ‘Real-Time Billionaires List’ gives us clear information.

• Bernard Arnault and his family ($208.7 billion)
• Elon Musk ($210.6 billion)
• Jeff Bezos ($181.2 billion)
• Larry Ellison ($142.1 billion)
• Mark Zuckerberg ($141.2 billion)
• Warren Buffett ($127.7 billion)
• Larry Page ($126.5 billion)
• Bill Gates ($123.8 billion)
• Sergey Brin ($121.2 billion)
• Steve Ballmer ($119.9 billion)

When we return to Turkey, İbrahim Erdemoğlu, who passed Murat Ülker and became 497th on the list in 2023, ranks 1134th in real-time view. Moreover Ülker is 556th in the real-time list, after falling behind at the beginning of 2023 with 534th place. Well Turkey’s richest man in position. Ülker, whose current net worth is 5.2 billion dollars, is followed by Semahat Sevim Arsel, who is second in Turkey with 3 billion dollars.

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