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The Richest Person in the World: Bill Gates Vs Jeff Bezos

Bill Gates Is Once Again the Richest Person in the World. Bill Gates now has Net Worth: $110 Billion USD.

Posted: Nov. 20, 2019

Microsoft co-founder Bill Gates overtook Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years.

On Friday, Bill Gates regained the title of the richest person in the world from Jeff Bezos, according to the Bloomberg Billionaires Index. Gates' net worth is $110 billion.

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  • On Friday, Bill Gates regained the title of the richest person in the world from Jeff Bezos, according to the Bloomberg Billionaires Index.
  • Gates' net worth is $110 billion.
  • In July, Gates was temporarily ranked as the world's third-richest person behind Jeff Bezos and LVMH's Bernard Arnault for the first time in at least seven years, according to the Bloomberg Billionaires Index.
  • While Gates indulges in a few luxuries, they make up only a fraction of his fortune.
  • He mainly spends his billions on charity through the Bill and Melinda Gates Foundation, and plans to give away most of his fortune.

How did Bill Gates became richest person again?

Since 1987, Gates has been included in the Forbes The World's Billionaires list and was the wealthiest from 1995 to 1996, 1998 to 2007, 2009, and has been since 2014. Gates was number one on the Forbes 400 list from 1993 through to 2007, 2009, and 2014 through 2017.

Microsoft founder Bill Gates is again the world’s richest man, knocking Amazon CEO Jeff Bezos off the top spot.

Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index.

Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion.

The index, which tracks the wealth of the richest 500 people, is updated each trading day after U.S. markets close.

Europe’s richest person, Bernard Arnault, is third with $102.7 billion.

Microsoft has surged 48% this year, boosting the value of Gates’s 1% stake.

The rest of his wealth is derived from share sales and investments made over the years by his family office, Cascade.

Gates recently shared his thoughts on the wealth tax that’s been proposed by some Democratic presidential candidates, including Elizabeth Warren, saying he has already paid more than $10 billion in taxes.

"If I’d had to pay $20 billion, it’s fine," he said. But "when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over.”

As of today, that would be $10 billion.

Forbes magazine has ranked him as the richest person in the world for twelve consecutive years.

Bezos would be far richer if he and MacKenzie Bezos hadn’t divorced. The pair announced their split in January, with MacKenzie, 49, receiving a quarter of their Amazon holdings in July. Her net worth dipped to $35 billion on Friday.

Gates, on the other hand, may have never claim the top spot were it not for his philanthropy. He has donated more than $35 billion to the Bill & Melinda Gates Foundation since 1994.

Bill Gates is once again the world's richest person.