Microsoft's shares dropped significantly after it announced its Q2 2013 results

Jul 20, 2013 08:33 GMT  ·  By

Microsoft has announced yesterday its Q2 2013 financial results, blaming the collapse of the PC industry for a new decline experienced by the company.

As a result, Microsoft's shares fell 11.4 percent to $31.40 yesterday, which represents a drop of approximately $34 billion (€25 billion) in the company's market value.

For Bill Gates, on the other hand, the new sharp stock decline is a much more serious hit. As NewLaunches.com notes, Bill Gates currently holds 397,988,029 Microsoft shares, so the 11.4 percent drop translates into a loss worth no less than $1,607,871,637 (approximately €1.2 billion).

While that's indeed bad news for Gates, we're pretty sure that he doesn't mind so much, as Microsoft's co-founder is currently listed by Forbes as the second richest man in the world with a net worth of $67 billion (€51 billion), very close to number one Carlos Slim and his $73 billion (€55.5 billion) fortune.