Gates Does Not Want To Be The Richest In The World

Posted 08 May 2006 @ 01:01 pm EET     Print     Reprint     E-Mail     Comments

Nairobi (AP) - Microsoft Co-Founder Bill Gates Doesn't Want to Be the World's Richest Man Microsoft Corp. chairman Bill Gates is interviewed by CNBC's Donny Deutsch at the company's headquarters in Redmond, Wash.

Most people probably dream of being the world's richest person except, perhaps, the man himself. Microsoft co-founder Gates told an online advertising conference that he'd prefer not to be the richest person in the world.

Most people probably dream of being the world's richest person except, perhaps, the man himself. Microsoft co-founder Bill Gates told an online advertising conference Wednesday that he'd prefer not to be the richest person in the world.

"I wish I wasn't," he said in a session in which he was being interviewed by Donny Deutsch, the host of an interview show on CNBC. Gates is ranked by Forbes magazine as the world's richest individual, with an estimated wealth of about $50 billion.

"There's nothing good that comes out of that," he said. "You get more visibility as a result of it." Gates is doing his part to share the wealth. His Bill & Melinda Gates Foundation is the world's largest philanthropy, with an endowment of $29.1 billion. He was not asked about giving away more money sooner.

Still, Gates said he can go out and do everyday things like other people, despite his wealth and celebrity. "I'm not bothered when I'm out in public or anything," he said. "Someone might ask for a signature, rarely, but that's not a difficult thing."

And the Microsoft Corp. chairman expressed a kinship for at least one other person in his exclusive club, saying during the session that investor Warren Buffett ranked by Forbes as the world's second-wealthiest is the person he's learned the most from.

Buffett, the chairman of Berkshire Hathaway Inc., has an estimated wealth of $42 billion. Gates also said he wouldn't follow in the footsteps of other wealthy Americans by entering politics.

"I certainly will never be a politician," he said. Asked why not, he said: "For every reason. I wouldn't like it, I wouldn't be elected. I'm better at what I'm doing."