Bill Gates overtakes Jeff Bezos as the richest person in the world at $110 BILLION after Microsoft secures a $10 billion contract with the Pentagon and Amazon’s stocks drop

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Microsoft co-founder and billionaire philanthropist Bill Gates has surpassed Amazon’s Jeff Bezos as the world’s richest person, reclaiming the distinction for the first time in more than two years. 

As of Friday, the Bloomberg Billionaire Index reported the Gates’ total net worth comes in at a staggering $110 billion. 

Gates’ was able to regain the title because Microsoft shares are up almost 48 percent this year and a recent gain of $485 million, helping bolster the tech company’s value. 

Microsoft Founder Bill Gates
Amazon founder Jeff Bezos

Microsoft’s Bill Gates (left) has officially topped Amazon’s Jeff Bezos (right) as the richest person in the world with a total net worth of $110 billion

Microsoft also beat out Amazon for a lucrative $10 billion cloud-computing contract with the Pentagon. The contract – named Joint Enterprise Defense Infrastructure, or JEDI – includes Microsoft providing cloud storage of sensitive military data and technology for the Department of Defense over a 10 year period. 

Awarding the contract to Microsoft was a huge loss for Amazon and marked another notch in the ongoing war between the two global tech giants.

World’s 10 richest people 

The Bloomberg Billionaire Index lists 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 Flesher Koch – $61.7 billion

Source: Daily Mail

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