5 Billionaire Philanthropists Pool $1B to Help Low-Income Americans with A.I.

Gates, Ballmer, Koch Back $1B Fund to Boost Economic Mobility with A.I.

The foundations of Microsoft’s co-founder Bill Gates and former CEO Steve Ballmer will work together on a new initiative. Photo by Orjan F. Ellingvag/Dagens Naringsliv/Corbis via Getty Images Five of the world’s wealthiest individuals are backing a new philanthropic coalition aimed at improving the lives of low-income Americans and frontline workers. Over the next 15…

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Bill Gates out of world’s 10 richest man list as his net worth falls 30% in 7 days; he is replaced by Microsoft‘s former CEO

Bill Gates out of world’s 10 richest man list as his net worth falls 30% in 7 days; he is replaced by Microsoft‘s former CEO

Bill Gates has dropped out of the top ten on the world’s richest list, with his net worth now calculated as less than that of his former assistant and successor as Microsoft’s former CEO, Steve Ballmer. This change comes after a recalculation to reflect Gates’ substantial charitable giving. Gates’ fortune was reduced by about $52…

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