Billionaire philanthropist and Microsoft co-founder Bill Gates regained his status as the world's richest person for the first time in two years on Friday, overtaking Amazon CEO Jeff Bezos, the information came from Bloomberg.
The Bloomberg Billionaire Index, which monitors the wealth of the richest 500 people, is updated after the US markets close, so Gates had the advantage briefly last month after Amazon saw a drop in profits.
Gates's rise in the ranking may have been helped, in part, by the Pentagon signing a $ 10 billion cloud computing contract with Microsoft instead of Amazon. The Oct. 25 deal sparked an increase in Microsoft shares, while Amazon shares fell about 2% after the announcement.
Although it owns only about 1 percent of Microsoft's shares, but as Business Insider reported earlier this year, "it is estimated that 1 percent is worth about $ 7.3 billion."
The rising stock market has changed Gates' net worth to $ 110 billion, while Bezos is at $ 108.7 billion. Frenchman Bernard Arnault came in third with an estimated fortune of $ 103 billion. Warren Buffett, Mark Zuckerberg, Amancio Ortega, Larry Page, Sergey Brin, Charles Koch and Julia Koch complement the list of the ten largest billionaires on earth.
Bezos's fortune was also hit after the divorce of MacKenzie Bezos, who received a quarter of his stakes in Amazon because of the split. Bloomberg also notes that Gates could have a higher net worth, but he has donated more than $ 35 billion since 1994 through the Bill & Melinda Gates Foundation. It seems that he is not very concerned about being the richest man on the planet.
I'm a lawyer, journalist and fan of the Windows platform for about 10 years. I cover events and I am daily aware of Microsoft's universe of consumer products.
I respond as an executive editor for Windows Club.