08 Mar '11, 1am

Bill Gates would still be the world's richest man if he hadn't donated more than a third of his wealth: Expert

Bill Gates would still be the world's richest man if he hadn't donated more than a third of his wealth: Expert

Bill Gates and his wife Melinda have so far given US$28 billion to their foundation, the largest in the United States. -- PHOTO: AP NEW YORK - BILL Gates didn't lose his title as the world's richest man last year; he gave it away by plowing billions into his charitable foundation, experts say. Forbes will release its 2011 billionaires list on Wednesday and Mr Gates, investor Warren Buffett and last year's richest man, Mexican tycoon Carlos Slim, will almost certainly be in the top three. The trio have topped the list for the past five years. But it would be no contest if Microsoft co-founder Gates had not already given away more than a third of his wealth to the Bill and Melinda Gates Foundation, which focuses on global health and development and US education. 'It wouldn't be a competition,' said David Lincoln, director of global valuations at wealth research firm Wealth-X...

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