Bill Gates Officially Passes Jeff Bezos as World’s Richest Person

Bill Gates Officially Passes Jeff Bezos as World’s Richest Person

Billionaire philanthropist Bill Gates officially surpassed Amazon CEO Jeff Bezos at 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 lackluster Q3 results resulted in Bezos losing nearly $7 billion in stock value.

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

According to CNN, Gates regained the lead on Friday after Microsoft stock went up nearly 48 percent 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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