Bill Gates Bounces Back As World’s Richest Person Over Jeff Bezos

LAGOS NOVEMBER 16TH (NEWSRANGERS)-Bill Gates has regained the title of the richest person in the world, surpassing Amazon CEO Jeff Bezos Friday in the Bloomberg Billionaires Index.

Gates, the co-founder of Microsoft, has a net worth of $110 billion, which topped Bezos’ total worth of $109 billion, according to the index.

Gates briefly held the top spot last month after Amazon suffered a 28 percent drop in profits the three months ending in September, but quickly lost the spot again to Bezos, CNN reported.

Gates’ ascent to the top spot on Friday was spurred by a 48 percent increase in Microsoft shares, which lifted his net worth, according to CNN.

Bezos’ wealth was also impacted by his divorce settlement with his former wife MacKenzie. Their divorce settlement left her with 19.7 milion shares of Amazon.com valued at more than $38 billion, according to Bloomberg.

New York Times

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Posted by on Nov 16 2019. Filed under International, National. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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