Bill Gates Takes Back Title of World’s Richest Man from Jeff Bezos

On Friday, Microsoft founder Bill Gates surpassed Amazon CEO Jeff Bezos to reclaim the distinction of richest person in the world. Now, according to latest estimated, Gates has a net worth of $110 billion, according to the 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’s profit fell nearly 28% after September. Unfortunately, Gates’ reign at the top was short-lived.

He 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.

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.

Bill 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 and 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.”

MacKenzie and Jeff Bezos divorced after 25 years of marriage after a King County, Washington judge formalized the separation. So, around 19.7 million shares of Amazon.com Inc. was transferred to MacKenzie’s name.

That 4% holding is valued at $38.3 billion, enough to place her 22nd on the Bloomberg Billionaires Index, a ranking of the world’s 500 richest people. Her former husband, the founder and chief executive officer of the world’s largest online retailer and web-services company, retains a 12% stake worth $114.8 billion and remains the world’s wealthiest person.

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