Bill Gates returned the lead as Microsoft shares (MSFT) rose nearly 48% this year, helping to boost the value of his stake in the company.
File with Bill Gates
San Francisco: On Friday, Bill Gates surpassed Amazon CEO Amazon CEO Effebe Bezos to bring back the distinction of the world's richest person, with a net worth of $ 110 billion, according to the Bloomberg Millions Index.
This is the first time Microsoft co-founder (MSFT) has held the top spot for more than two years. It briefly ousted Bezos last month, after Amazon announced that its profit for the three months to the end of September had fallen nearly 28% from the previous year. But Gates' time at the top was short-lived.
He regained leadership as Microsoft shares (MSFT) rose nearly 48% this year, helping to boost the value of his stake in the company. In October, Microsoft beat Amazon for a $ 10 billion computer cloud deal with the Pentagon, adding extra drama to the Gates / Bezos wealth race.
Bezos, who paid a significant portion of his stake in Amazon this year in his divorce from 25-year-old wife McKenzie Bezos, is now in second place with a net worth of $ 108.7 billion.
Gates has recently commented on his wealth in response to a wealth tax proposed by some Democratic political candidates, including Senator Elizabeth Warren.
He said he had already paid more than $ 10 billion in taxes and it would be good for him to reach $ 20 billion. However, having to pay $ 100 billion would get him started "doing some math for what I'm left with."
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