• About
  • Contact
Tuesday, April 13, 2021
Next Big Brand
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview
No Result
View All Result
Next Big Brand
Home Internet

Bill Gates Replaces Jeff Bezos As The World Richest Man

Pritish raj by Pritish raj
November 16, 2019
in Internet, News
2 min read
0
World Richest Man Person-Next big Brand

World's Richest Person-Next big Brand

Share on FacebookShare on Twitter
  • Co-founder of Microsoft Corp. Bill Gates overtook Jeff Bezos of Amazon.com Inc. as the world richest person on Friday, reclaiming the top ranking in more than two years for the first time.
  • Recently in August, it was predicted that Jeff Bezos might lose his title of World Richest Man. The billionaire founder of Microsoft Inc., Bill Gates has earlier retained the world’s richest person title for around 20 years and maybe again on the verge of reclaiming it.

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

Gates may have been helped in part by the surprise decision of the Pentagon announced on October 25 to award Microsoft over Amazon a $10 billion cloud computing contract. According to the Bloomberg Billionaires Index, Microsoft’s shares have since risen 4 percent, giving Gates a fortune of $110 billion. Since the announcement, Amazon’s stock is down about 2 percent, putting Bezos ‘ net worth at $108.7 billion.

Gates, 64, had briefly overtaken Bezos, 55, intraday last month after Amazon posted its first two-year drop in profit, but shares of the world’s largest online retailer paved the downturn. After closing US markets, the index, which tracks the wealth of the richest 500 people, is updated every trading day. Bernard Arnault, Europe’s richest person, is third with $102.7 billion.

This year, Microsoft has risen 48 percent, boosting Gates ‘ 1 percent stake in value. The rest of his wealth is derived from his family office, Cascade, selling shares and investing over the years.

If he and MacKenzie Bezos had not split, Bezos would be far wealthier. The pair confirmed their separation in January, receiving a quarter of their Amazon shares in July from MacKenzie, 49. On Friday, her net worth fell to $35 billion. On the other hand, Gates might never have given up the top spot if it wasn’t for his philanthropy. Since 1994, he has donated more than $35 billion to the Foundation Bill & Melinda Gates.

Gates recently shared his thoughts on the wealth tax proposed by some Democratic presidential candidates, including Elizabeth Warren, saying he has already paid taxes in excess of $10 billion.

‘ If I had to spend 20 billion dollars, that’s all right, ‘ he said. So ‘ if you say I’m supposed to pay $100 billion, then I’m beginning to do some calculations on what I’ve left. “That’s $10 billion as of today.

Recently in August, it was predicted that Jeff Bezos might lose his title of World Richest Man. The billionaire founder of Microsoft Inc., Bill Gates has earlier retained the world’s richest person title for around 20 years and maybe again on the verge of reclaiming it. Last year, the rising share prices of Amazon propelled Jeff Bezos to the top of the ‘World’s rich’ list.

Earlier also Jeff Bezos piped Bill Gates in 2017 for a short time and then he surpassed Gates finally in 2018 to become the world’s richest person. Net Worth of all the billionaires is largely calculated from their equity interests, either in the pool of other enterprises or in their own company or a mixture of both.

Tags: Bill Gates Net WorthJeff Bezos Net WorthWorld's Richest Person
Previous Post

Indonesia Among Top 10 Destinations For Chinese Tourists In 2017

Next Post

Anil Ambani Resigns As RCom Posts India's 2nd Biggest Loss

Pritish raj

Pritish raj

Pritish Raj is a content writer at Next Big Brand. Hailing from the diversified state of Bihar, he is an engineer by education who chooses the way of poetry, photography, and writing to kick off his career. Highly enthusiastic about brands and startups, he aims to be a travel content creator.

Related Posts

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella
Industries

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports
Internet

Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

April 11, 2021
Jeff Bezos to Step Down as CEO of Amazon Later This Year
Industries

Here is the List of Top 10 Richest Persons in the World of 2021

April 9, 2021
Industries

Nike is the Undisputed King among Apparel Brands: Brand Finance Study

April 9, 2021
Gupshup Raises $100 Million, Joins Unicorn Club
Media

Gupshup Raises $100 Million, Joins Unicorn Club

April 8, 2021
Next Post
Anil Ambani- Next Big Brand

Anil Ambani Resigns As RCom Posts India's 2nd Biggest Loss

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Star India brings in 35 advertisers for ICC World Cup

Star India brings in 35 advertisers for ICC World Cup

2 years ago
OYO Board Executives Salary Cut

OYO Promotes Aditya Ghosh To Board, Elevates Rohit Kapoor As CEO

1 year ago
Rahul Bajaj- Next Big Brand

Rahul Bajaj Steps Down As Non-Executive Chairman Of Bajaj Finance

9 months ago
Vu-Official-Logo

Vu Televisions eyes at Rs. 1300 Crore Revenue This Festive Season

2 years ago

FOLLOW US

  • 33.5k Fans

BROWSE BY TOPICS

2018 League amazon Amazon Great Indian Sale Amazon Prime Apple Apple Inc Automobile Industry Balinese Culture Bali United Budget Travel Champions League Chopper Bike Doctor Terawan facebook Facebook app future group hotstar Indian OTT Platforms Indian Smartphone Market Istana Negara Jio Market Stories Maruti Suzuki National Exam Netflix Netflix India Netflix Originals oppo OTT OYO Realme Reliance Industries Limited Reliance Jio RIL Samsung Tata Motors Tiktok TikTok India TikTok Videos Visit Bali Vivo whatsapp Xiaomi Xiaomi India YouTube
Next Big Brand

We Talk About Brands

Follow us on social media:

Recent News

  • Urban Company is All Set to Join Unicorn Club with Latest Funding-raise
  • Nykaa Acquires Jewellery Brand Pipa Bella
  • Byju’s has Raised $1 Billion from B Capital, Baron, and XN: Reports

Instagram

Follow Me!

Latest News

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

Urban Company is All Set to Join Unicorn Club with Latest Funding-raise

April 12, 2021
Nykaa Acquires Jewellery Brand Pipa Bella

Nykaa Acquires Jewellery Brand Pipa Bella

April 12, 2021
  • About Us
  • Privacy Policy
  • Terms and Conditions
  • Disclaimer
  • DMCA Policy
  • Our Team
  • Contact Us
  • Sitemap

© 2019 NBB. All Rights Reserved.

No Result
View All Result
  • .
  • News
  • Internet
  • Startup
  • OTT
  • Industries
  • FMCG
  • Cryptocurrency
  • Retail
  • Tech
  • Case Study
  • Interview

© 2019 NBB. All Rights Reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.