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Mar 5th, 2008
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Richest man in the world

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Bill Gates ?? think again because he lost that title in January this year when he tried a hostile takeover of Yahoo. Microsoft stock fell 15% and put poor Bill in the #3 spot behind Warren Buffett (now #1) and Carlos Slim Helú from Mexico.

Full article here.
Last edited by Ancient Dragon; Mar 5th, 2008 at 9:29 pm.
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Re: Richest man in the world

Still though... didn't he give away a lot of his money? Or make some charity or something? The margin's not that big. Still though. He was there for a while. I wonder if he'll jump back.

>> He is up $2 billion from a year ago and would have been perhaps as rich -- or richer -- than Buffett had Microsoft not made an unsolicited bid for Yahoo (YHOO, news, msgs) at the beginning of February.
I read something similar before. How was their takeover bid of Yahoo 'unsolicited'? Were Yahoo on the market? Did MS put forward a reasonable price? Were they right to try? How is it unsolicited? It's like saying trying to buy a car is an unsolicited attack on a car manufacturer.
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Re: Richest man in the world

Because of the rapid and deliberate devaluation of the US Dollar, you have to make sure your wealth is in another currency.
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Re: Richest man in the world

Are you sure it was a hostile takeover attempt? I was under the impression that they approached Yahoo's board who turned them down, resulting in MS taking a hit?
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Re: Richest man in the world

Yep, and then they got "hostile", but it's nothing you wouldn't really find happening in the Corporate world.
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Re: Richest man in the world

>> Are you sure it was a hostile takeover attempt?
I was quoting from the link. They used the word "unsolicited". I'm of the same opinion, csgal. I thought it was by-the-books. I saw that term being used in at least two other articles too...
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Re: Richest man in the world

Rich are getting richer and Poor are getting poorer..
Thats how to goes.......
Everybody Knows...

Thanks for sharing anyways

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Re: Richest man in the world

The other question should be:
"Who of the richest folks pays the most tax?"
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Re: Richest man in the world

I don't think you can call that hostile MS trying to take over Yahoo. Anyways, most prolly Bill will be knocking on that no. 1 spot again.
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Re: Richest man in the world

Click to Expand / Collapse  Quote originally posted by sneekula ...
The other question should be:
"Who of the richest folks pays the most tax?"
Considering that the two richer ones don't live in a country with a lot of tax, the question is moot.

It also doesn't matter, because there are so few rich people that even taxing them 100 percent wont increase the amount of money government has.

The real question to ask is, "Why is government taxing people below the poverty level?"
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This thread is more than three months old

No one has posted to this discussion for at least three months. Please let old threads die and do not reply to them unless you feel you have something new and valuable to contribute that absolutely must be added to make the discussion complete. Otherwise, please start a new thread in this forum instead.
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