Microsoft co-founder Bill Gates has surpassed Amazon CEO Jeff Bezos in net worth and in doing so has regained the top spot in the list of world’s richest people. This is the first time Bill Gates has been at the top of the list in two years.
As per Bloomberg Billionaire Index, which tracks the wealth of the richest 500 people in the world, Gates who briefly had the upper hand last month after Amazon posted a drop in profit, has finally taken over the Albuquerque business tycoon.
As per recent reports, after the US markets closed on Friday, Bill Gates’ net worth stood at $110 billion, while Bezos’ was valued at $108.7 billion.
This boost to Gates’ ranking could be due to the cloud-computing contract worth $10 billion that Pentagon signed with Microsoft instead of Amazon. The deal has led to a surge in Microsft share prices.