Bill Gates just dropped to #2

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Bill Gates just dropped to #2 to Ingvar Kamprad estm. 53 billion
 

Another Day, Another Dollar
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Damn, he may go nuttier than he is. We'll never get a good Microsoft product now.
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Another Day, Another Dollar
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1146.jpg


That was the response from Bill and the Boyz after Microsoft analyst Joe Wilcox said MS dramatically exaggerated the improvement in security vulnerabilities because the way in which it classifies security alerts has changed.


On 1 April, Gates said there's been a significant decrease in the number of 'critical' or 'important' security alerts issued since Windows Server 2003 was released.


But Wilcox, an analyst with Jupiter Research's Microsoft Monitor quoted in an infoconomy story here, says he found 15 security alerts for Windows Server 2003 since its release in April, as opposed to the nine quoted by Gates and in the first 320 days of Windows 2000 Server, discovered 28 security alerts, not Gates's 40.


"Mr Gates and I must have a different way of counting," says Wilcox. "My point is one of credibility, something Microsoft could use a little more of right now."

http://p2pnet.net/story/1146
 

RPM

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thats cause of all the lawsuits microsoft has to pay...
 

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They said it was because of the fluxuation (sp?) of the dollar
 

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STOCKHOLM, (Reuters) - Ingvar Kamprad, the Swede who founded furniture retail chain IKEA, has overtaken Microsoft's Bill Gates as the world's richest man, Swedish TV news reported on Sunday.

Citing next week's edition of the Swedish business weekly Veckans Affarer, public service SVT2 television said Kamprad, 77, has a personal fortune of 400 billion crowns ($53 billion).

Gates's fortune is put at $47 billion, according to the latest list of the world's rich in U.S. Forbes magazine, SVT2 said.

Kamprad, known for frugal habits such as flying economy class, lives in Switzerland and no longer takes part in the daily running of IKEA, but has kept ownership of the company with more than 180 stores in over 30 countries in the family.

SVT2 said the dollar's slide against other currencies is the main reason why Kamprad has now overtaken Gates.
 

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Ikea Founder Denies Being Richest Man
by Tommy Grandell
Associated Press

STOCKHOLM, Sweden - The founder of Swedish furniture giant Ikea isn't hurting for money, but the company he founded denied on Monday a report that he surpassed Bill Gates and Warren Buffett as the world's wealthiest man.

In an article to be released this week, Swedish news weekly Veckans Affaerer said Ingvar Kamprad, 77, the founder of Ikea, had surpassed Microsoft's Gates and Buffett as the world's wealthiest person.

The falling exchange rate between the Swedish krona and the U.S. dollar, the magazine said, had caused Kamprad's personal fortune to rise to an estimated $52.5 billion.

Ikea said that wasn't the case.

"This is completely wrong. It's a mistake that is made all the time," said Ikea spokeswoman Marianne Barner. "Estimating the value of the company, including all the stores, and saying it's all Ingvar's, that is totally wrong."

"Ingvar Kamprad does not own Ikea. Ingvar donated the concern to the Dutch Stichting INGKA Foundation in 1982."

In February, Forbes magazine's annual ranking of the world's billionaires put Gates at No. 1 with an estimated $46.6 billion. It was the 10th consecutive year the Microsoft co-founder was atop the list.

Buffett, the Omaha investment guru, was No. 2 with $42.9 billion.

On that same list, Kamprad was No. 13, with an estimated fortune of $18.5 billion.

But Veckans Affaerer said when the dollar's slide against the kronor was calculated, he had overtaken Gates and Buffett.

Kamprad has a reputation for frugality and lives in Switzerland where, as a resident, he is not subject to Sweden's taxes, which are among the highest in the world.

Ikea, founded in 1943, has 174 stores in 31 countries and employs some 76,000 workers.
 

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