Bill Gates' net worth is $124 billion, as per the Bloomberg Billionaires Index. Seven days ago, his net worth was a staggering $172 billion.

The dip in Microsoft co-founder's net worth came after Bloomberg reportedly adjusted the appreciation rates employed for calculating wealth to “better reflect” his wealth outside charitable amount

Bill Gates now ranks below his former colleague Steve Ballmer, the very man he once hired at Microsoft. Let that sink in