Bill Gates takes over from Jeff Bezos as the world’s richest man in 2019, here’s how

Billionaire Bill Gates has officially beaten Amazon Chief Executive Officer (CEO) Jeff Bezos to become the world's richest person.

Bill Gates takes over from Jeff Bezos as the world’s richest man in 2019, here’s how

Currently, his net worth is $110 billion (R1 618 021 900 000).

The Amazon founder ended Gates' 24-year run as the richest man in 2018 with a net worth of $160 billion (R2 353 486 400 00).

Meanwhile, the Microsoft co-founder regained the lead on Friday, November 15, after Microsoft stock went up nearly 48% in 2019, helping boost the value of his stake in the tech giant, CNN reported.

This report says is as a result of Pentagon's surprise decision to award a US$10 billion cloud-computing contract to Microsoft over Amazon.

Pentagon made the announcement on October 25, 2019.

Shares of Microsoft have since climbed 4 percent, giving Gates a US$110 billion (NZ$172 billion) fortune, according to the Bloomberg Billionaires Index.

The first time Gates was named the richest person in the world was 1995; when he had a net worth of $12.9 billion.

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