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  Bill Gates No Longer World's Richest Man Thanks to Philanthropic Work
Time: 08:55 EST/13:55 GMT | News Source: PC GAMER | Posted By: Andi Stabryla

Microsoft chairman and co-founder Bill Gates relinquished his "World's Richest" title last year after donating over a third of his wealth, Reuters reports. Last year, Gates gave away $28 billion to the Bill and Melinda Gates Foundation, leaving him with "only" $49 billion. If he had retained his riches, his $88 billion net worth would have topped the current richest man in the world, Mexican tycoon Carlos Slim and his $60 billion, according to Forbes' famous annual ranking.

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