Bill Gates has far more cash in the bank than Nigeria’s foreign reserve

Entrepreneur and philanthropist, Bill Gates has more cash in the bank than Nigeria, Africa's biggest economy, a Bloomberg report has said.

According to the data retrieved, the 65-year-old billionaire holds $55.7 billion in the bank, while data retrieved from Nigeria’s apex bank points that the leading sub-Sahara economy holds $36.5 billion.

Bill Gates, who is one of the richest men in the world is the co-founder of Microsoft, the world’s biggest software maker. He also owns about 1% of the Redmond, Washington-based company.

The majority of the philanthropist’s revenue is derived from Cascade Investment, a holding company that was created with gains from Microsoft stock sales and dividends, Nairametrics reports.

Based on an analysis of Bloomberg data, Bill Gates has earned more than $50 billion in stock and dividends, including a $3.3 billion payout from Microsoft in 2004, which he donated to his philanthropic foundation.

He is currently the biggest shareholder of Canada’s biggest railroad operator, the Canadian National Railway.

Bill Gates made his wealth when he simplified the computer operating system by creating Microsoft Windows, the leading operating system in personal computers globally today, according to Nairametrics.

For many years, Gates had been the world’s richest man. He now has a fortune of $134 billion with a 2021 gain of about $2.1 billion.

Bill Gates’s current wealth valuation can presently buy 72.3 million troy ounces or 2.39 billion barrels of crude oil.