Thu. Dec 12th, 2019

Bill Gates Surpasses Jeff Bezos, Reclaims Richest Person On Earth

Jeff Bezos had ended Bill Gates’ 24-year run as the richest man in 2018 with a net worth of $160 billion.

NDTV reports that Billionaire philanthropist Bill Gates has officially surpassed Amazon CEO Jeff Bezos as world’s richest person on Earth with a net worth of $110 billion – according to the latest Bloomberg Billionaires Index.

The Microsoft co-founder had briefly topped Bezos as the world’s richest man last month after Amazon’s lacklustre Q3 results resulted in Jeff Bezos losing nearly $7 billion in stock value.

Jeff Bezos had ended Bill Gates’ 24-year run as the richest man in 2018 with a net worth of $160 billion.

CNN report has it that Bill Gates regained the lead on Friday after Microsoft stock went up nearly 48 per cent 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.

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