Money: Bill Gates Tops Jeff Bezos as World’s Richest Person With Amazon Slide - - PressFrom - Canada
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Money Bill Gates Tops Jeff Bezos as World’s Richest Person With Amazon Slide

08:55  16 november  2019
08:55  16 november  2019 Source:   msn.com

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(Bloomberg) -- This time it’s official.Microsoft Corp. co-founder Bill Gates overtook Amazon .com Inc.’s Jeff Bezos as the world ’ s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision

Microsoft Corp. co-founder Bill Gates overtook Amazon .com Inc.’s Jeff Bezos as the world ’ s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a billion

Bill Gates wearing glasses and looking at the camera© Bloomberg Bill Gates

(Bloomberg) -- This time it’s official.

Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.’s Jeff Bezos as the world’s richest person on Friday, reclaiming the top ranking for the first time in more than two years.

Gates may have been helped in part by the Pentagon’s surprise decision announced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft over Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110 billion fortune, according to the Bloomberg Billionaires Index. Amazon’s stock is down about 2% since the announcement, putting Bezos’s net worth at $108.7 billion.

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(Bloomberg) -- This time it’s official.Microsoft Corp. co-founder Bill Gates overtook Amazon .com Inc.’s Jeff Bezos as the world ’ s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon’s surprise decision

This time it's official.Microsoft Corp. co-founder Bill Gates overtook Amazon .com Inc.'s Jeff Bezos as the world ' s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon's surprise

Gates, 64, had briefly topped Bezos, 55, on an intraday basis last month after Amazon posted its first profit drop in two years, but shares of the world’s biggest online retailer pared the decline. The index, which tracks the wealth of the richest 500 people, is updated each trading day after U.S. markets close. Europe’s richest person, Bernard Arnault, is third with $102.7 billion.

Read more: Microsoft Shares Surge After Controversial Pentagon Contract Win

Microsoft has surged 48% this year, boosting the value of Gates’s 1% stake. The rest of his wealth is derived from share sales and investments made over the years by his family office, Cascade.

Bezos would be far richer if he and MacKenzie Bezos hadn’t divorced. The pair announced their split in January, with MacKenzie, 49, receiving a quarter of their Amazon holdings in July. Her net worth dipped to $35 billion on Friday. Gates, on the other hand, may have never relinquished the top spot were it not for his philanthropy. He has donated more than $35 billion to the Bill & Melinda Gates Foundation since 1994.

Father of Broncos player who died says Alberta organ donation bill needs work

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SEATTLE — Jeff Bezos on Thursday took something away from a billionaire neighbor in the Seattle area, Bill Gates — the mantle of world ’ s richest person . A 1 percent pop early in the day in the shares of Amazon .com — the internet company Mr. Bezos founded

Bill Gates just overtook Jeff Bezos to reclaim his spot as world ' s richest person . Billionaire philanthropist and Microsoft co-founder Bill Gates regained his status as the world ' s richest person for the first time in two years on Friday, topping Amazon CEO Jeff Bezos , Bloomberg reported.

Gates recently shared his thoughts on the wealth tax that’s been proposed by some Democratic presidential candidates, including Elizabeth Warren, saying he’s already paid more than $10 billion in taxes.

"If I’d had to pay $20 billion, it’s fine," he said. But "when you say I should pay $100 billion, then I’m starting to do a little math about what I have left over.”

As of today, that would be $10 billion.

(Updates with Gates comments on wealth tax starting in seventh paragraph.)

--With assistance from Sophie Alexander.

To contact the reporter on this story: Tom Metcalf in London at tmetcalf7@bloomberg.net

To contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Peter Eichenbaum, Steven Crabill

For more articles like this, please visit us at bloomberg.com

©2019 Bloomberg L.P.

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