Bill Gates Is No Longer richer

Well after 13 years of being the top dog in the billionair clue Bill Gates, the Microsoft Guru is now in third place with only $58 Billion dollars compared to long time Friend , Warren Buffet's $62 Billion Dollars. Heck maybe Vista is Microsoft's downfall, but more likely the lost of $1.3 Billion dollars from European Union, the War on Open Source.  

stock market has been really crappy the last three months. Either way their is a new King in town and although he plans to donate like 95% of his money Warren Buffet is the richest person in the world.

Microsoft shares have fallen 15% since the company boldly attempted to merge with the search engine giant to better fight Google for Internet dominance.

Gates is preparing to give up day-to-day involvement in the company he co-founded 33 years ago to spend more time focused on his philanthropic endeavors.

Bill & Melinda Gates Foundation has $38.7 billion in assets, donates to causes aimed at bringing financial tools to the poor, speeding up the development of vaccines (for AIDS, malaria, tuberculosis), bettering America's lagging high schools.

Sells 20 million Microsoft shares every quarter, proceeds going to private investment vehicle Cascade; more than half of net worth now outside of Microsoft.

Company spent $6 billion to land Web ad company Aquantive last May.

Would-be rival to Apple's iPod, the Zune, not yet a hit.

Believes Microsoft's far-flung bets, including 10-year affair with Internet-based television, may soon pay off; says next 10 years will be the "most interesting" in software history.