Bill Gates overtakes Jeff Bezos as richest person in world

Bill Gates, principal founder of Microsoft Corporation, reclaimed top spot at Bloomberg Billionaires Index becoming richest person of world. Gates, with a net worth of $110 billion, surpassed Amazon CEO Jeff Bezos who is currently at second position with $109 billion net worth.

Short-lived top position

Last month, Bill Gates h briefly topped Amazon CEO after third-quarter results of latter's company showed a dip in revenue and Bezos lost nearly $7 billion in stock value. On October 24, Amazon shares fell 7 per cent in after-hours tring which led to a significant drop in Bezos’ net worth. But Gates’ time at top spot was short-lived as fortune of Amazon CEO once again took a turn on October 25, and Bezos’ net worth soared to $109.9 billion.

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Pioneer of microcomputer revolution

At of 31, Bill Gates, who pioneered microcomputer revolution of 1970s and 1980s, became youngest billionaire ever after he launched first retail version of Microsoft Windows. Gates is also kwn for his philanthropy work through Bill and Melinda Gates Foundation. In 1994, he donated some of his Microsoft shares to create "William H. Gates Foundation" named after his far. Later, Gates and Melinda combined three family foundations and donated $5 billion of shares to create Bill and Melinda Gates Foundation.

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Jeff Bezos divorce settlement affected net worth

Jeff Bezos’ net worth would have been way ahe of Bill Gates if t for divorce settlement with her ex-wife Mackenzie. Bezos parted 19.7 million shares of Amazon (4 per cent holding which was valued at $38 billion) to MacKenzie as alimony amount. y finalised ir divorce settlement in July which paved for MacKenzie to get $38.3 bn which took her to 22nd place on Bloomberg Billionaire Index. But she decided to donate half of her alimony amount to investor Warren Buffett’s philanthropic campaign ‘ Giving Pledge’. 

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