Bill Gates passes Jeff Bezos for title of world’s richest person – MarketWatch

Bill Gates passes Jeff Bezos for title of world’s richest person – MarketWatch

Jeff Bezos
For the first time in two years, Jeff Bezos is no longer the richest person in the world. But the new No. 1 is a familiar name.Bill Gates is back on top, according to the Bloomberg Billionaires Index, with a fortune of $110 billion as of Friday’s market close. Bezos is just below, at $109 billion.The Amazon.com Inc. AMZN, -0.86%   founder and chief executive lost a good chunk of his fortune in his recent divorce.
His ex-wife, MacKenzie Bezos, now has a cool $35 billion, good enough for 24th place on Bloomberg’s list.Read: Jeff Bezos said to be eyeing purchase of NFL’s Seattle SeahawksGates, meanwhile, has benefited from the soaring stock of the company he co-founded, Microsoft Corp. .


MSFT, +1.29%  , which has risen 48% year to date. More recently, shares have gained 4% since Microsoft was awarded the Pentagon’s $10 billion JEDI cloud-computing contract at the end of October. Amazon shares have shrunk about 2% since then. Amazon said last week it intends to protest the decision, which it claims was biased.According to the Bloomberg list, Gates’ fortune has increased by $19.5 billion this year, while Bezos’s has fallen by $16.2 billion.Both billionaires could see their net worth dinged a bit more if a Democrat such as Elizabeth Warren wins the White House next year.
Under her proposed wealth tax, Gates would pay more than $6 billion annually. .

Leave a Reply

* Copy This Password *

* Type Or Paste Password Here *