Wow, this is great news… Bill Gate tops Amazon CEO Jeff Bezos at world’s richest person on Earth with a net worth of $110 billion — according to the latest Bloomberg Billionaires Index.
It’s the first time the co-founder of Microsoft has held the top spot in over two years. He briefly topped Bezos last month after Amazon reported that its profit for the three months ending in September fell nearly 28% from a year earlier.
But Gates’ time at the top was short-lived.
Bezos ended Gates’ 24-year run as the richest man in 2018 with a net worth of $160 billion.
According to CNN, Gates regained the lead on Friday after Microsoft stock went up nearly 48 percent this year, helping boost the value of his stake in the tech giant.
Amazon’s Cloud arm AWS losing $10 billion Pentagon project to Microsoft has also helped the Satya Nadella-led company gain on the stock market.
Gates debuted on Forbes’ first-ever billionaire list in 1987 with a net worth of $1.25 billion.
Bezos first joined The Forbes 400 list of richest Americans in 1998, one year after Amazon went public, with a net worth of $1.6 billion, the report added.
The Bezos couple finalized their divorce in April in what was reported as the biggest divorce settlement in history, entitling MacKenzie Bezos to Jeff Bezos’ stocks worth around $36 billion.
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