Bill Gates tops Jeff Bezos as world’s richest man

Bill Gates tops Jeff Bezos as world’s richest man

Microsoft’s Bill Gates topped Amazon’s Jeff Bezos as the richest person in the world for the first time in two years on Friday.

Driving the news: The Pentagon’s recently announced decision to grant a $10 billion cloud-computing contract to Microsoft ahead of Amazon may have played a part in the news, according to Bloomberg.

  • Shares of Microsoft have increased 4% since the decision was announced on Oct. 25. The surge has pushed Gates’ assets to $110 billion.

Also Read: Amazon founder, Jeff Bezos’ wife now world’s third-richest woman

Yes, but: Bloomberg notes that Bezos’ net worth would be far greater had he not divorced his now-ex-wife, MacKenzie Bezos.  He announced their divorce in January. MacKenzie received a quarter of their jointly held Amazon stock earlier this year.

  • Gates has also cut into his wealth by donating more than $35 billion to the Bill & Melinda Gates Foundation since 1994.

Bill Gates has regained the lead because Microsoft shares are up nearly 48% this year; which helped boost the value of his stake in the company. In October, Microsoft beat out Amazon for a $10 billion cloud-computing contract with the Pentagon; adding some additional drama to the Gates/Bezos wealth race.

Bill Gates willing to pay up to $20bn in taxes

Bezos, who this year paid out a significant portion of his Amazon stake in his divorce from his wife of 25 years MacKenzie Bezos; now sits at second with a net worth of $108.7 billion.

Gates recently commented on his wealth in response to a wealth tax proposed by some Democratic political candidates; including Sen. Elizabeth Warren.

He said he’s paid more than $10 billion in taxes already. Further, he said it would be fine with him to up that to $20 billion. However, having to pay $100 billion would prompt him to start “to do a little math about what I have left over.”

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