Gates and Slim Fortunes Increase after Markets Respond Positively to News
Facebook’s stock plunge has been in the headlines for quite some time and the stories of huge losses and lawsuits seem to be piling up. However, other technology stocks being traded on the market are also making news this week and have more positive tales to tell.
Bill Gates, who is not very active at Microsoft any more, still owns a boat load of shares of the company he started and has made a small fortune when the company’s stock jumped after the announcement of a new tablet called Surface from the software giant. The device, which is named Surface, made a big splash and has had the online crowd talking about its features and if it has the ability to beat the iPad. Whatever the opinion was of bloggers and reviewers the market was all thumbs up for the company. Microsoft swiftly jumped 2.9% after the announcement of the Surface to $30.70 a share. The increase means that Gates had $431 million more dollars in his pocket by the end of the day. This made him one of the biggest winners from the positive news.
The World’s Richest Man, Mexican Carlos Slim, got richer after his America Movil increased in price. The low key billionaire rode a positive outlook as Movil’s American Depository Receipts enjoyed a 3% increase. This jump in price has added another $1.2 billion to his bank balance in one day. The reason for the increase in price has been attributed to the news that America Movil was getting more shares of a Dutch Telecom company named KPN. This was an interesting move because KPN had denied a request by American Movil to buy an extra 23% of the company. The market has seen this as positive step for the Mexican telecom giant and a good move.
Billionaire Michael Dell, the founder of Dell Computers, did not do so well this week as his fortune shrank after Dell stock presses went south. The drop in price has been attributed to the Microsoft tablet announcement and investors worry that the new device will further cut into the computer makers falling fortunes. Dell dropped 1.9% to finish at $12.18 and taking $65 million dollars from Dell’s fortune.
