Microsoft co-founder and philanthropist, Bill Gates, has for the first time in over three decades fallen out of the top 10 richest people in America, according to Forbes.
Gates, who dominated the ranking for nearly 25 years, now sits at number 14 on the 2025 Forbes 400 list with an estimated net worth of $107 billion. He is ranked behind Bloomberg LP co-founder, Mike Bloomberg, and ahead of Walmart heiress, Alice Walton.
His drop in the rankings has been linked to his divorce from Melinda French Gates in 2021, which saw her walk away with assets now valued at about $29 billion.
Despite his fortune remaining steady in recent years, Gates has pledged to give away 99 per cent of his wealth to the Gates Foundation before 2045, when the foundation is expected to close. Forbes reports he donated $7bn to the charity over the past year.
The foundation continues to focus on eradicating polio, fighting malaria and reducing maternal and child deaths from preventable causes.
Gates, who turns 70 in October, first lost the top spot in 2021 after nearly three decades of being either first or second on the Forbes list.