Bill Gates outstrips Jeff Bezos as the richest man in the world by $ 110 billion after Microsoft secured a $ 10 billion contract with the decline of Pentagon and Amazon stocks
- Microsoft co-founder Bill Gates heads Jeff Bezos on Amazon as the richest man in the world
- Gates has a net total of $ 110 billion, while Bezos has $ 109 billion as of Friday
- Gates won the title briefly in October, but this is his first official reclamation in more than two years
- Microsoft shares have grown nearly 48 pro cents this year and the company signed a $ 10 billion deal with the Pentagon
- Bezos took a financial hit after his divorce from longtime husband MacKenzie Bezos this year
Microsoft co-founder and billionaire philanthropist Bill Gates surpasses Jeff Bezos on Amazon the rich man in the world, returning the distinction for the first time in more than two years.
As of Friday, the Bloomberg Billionaire Index reports that Gates' total net worth reaches a staggering $ 110 billion.
Gates was able to regain the title as Microsoft shares rose nearly 48 percent this year and a recent profit of $ 485 million, helping to boost the value of the technology company.
Bill Gates of Microsoft (left) officially named Jeff Bezos on Amazon (right) as the richest person in the world with a total net worth of $ 110 billion.
Microsoft also beat Amazon for a lucrative 10 cloud contract billion dollars with the Pentagon.
The treaty, called Joint Enterprise Defense Infrastructure, or JEDI, includes Microsoft providing cloud-based storage of sensitive military data and technology to the Department of Defense for 10 years.
The Microsoft contract award represents a huge loss for Amazon and marks another landmark in the ongoing war between the two global tech giants.
Gates (pictured) Microsoft secured a $ 10 billion deal with the Pentagon in October, upsetting Amazon's attempt to confirm deal
The billionaire bloomberg index listed the following:
1. Bill Gates – $ 110 Billion
2. Jeff Bezos – $ 109 Billion
3. Bernard Arnault – $ 103 Billion
4. Warren Buffet – $ 86.6 billion
5. Mark Zuckerberg – $ 74.5 billion
6. Amancio Ortega – $ 67.6 billion
7. Larry Page – $ 64.3 billion
8. Sergey Brin – $ 62.4 billion
9. Charles Koch – $ 61.7 billion
10. Julia Flusher Koch – $ 61.7 billion
Gates briefly defeated Bezos last month when Amazon announced that profits for the three months ending September dropped nearly 28 percent last year.
Bezos is currently in second place with a total net worth of $ 109 billion, peaking at $ 166 billion in September 2018.
Amazon shares are down 2 percent according to Bloomberg, and Bezos has lost 845 million .
Amazon's CEO recently quit his finances after divorcing his ex-wife, MacKenzie Bezos, this year.
Mackenzie received 25 percent of Bezos's stake in Amazon and became one of the company's largest shareholders.
It costs $ 35 billion, but Mackenzie has publicly announced plans to donate a sizable chunk of charity such as Betting.
In a letter she wrote: "I have a disproportionate amount of money to share. My approach to philanthropy will continue to be considered. It will take time and effort and care. But I won't wait. And I will continue until the safe is empty. "
Jeff Bezos (right) faces a significant cut in his finances after parting with his wife Mackenzie Bezos (left) in 2019
Gates has a similar philanthropic spirit and has given $ 35 billion to the Bill and Melinda Gates Foundation since 1994.
he spoke of a proposed wealth tax levied by some Democratic political candidates, including Senator Elizabeth Warren.
He revealed that he had already paid more than $ 10 billion in taxes. $ 20 billion, that's good. When you say I have to pay $ 100 billion, then I start to do a little math for what I have left. “