Despite Giving Money Away, Bill Gates Once Again Becomes The World's Richest Person

Dhir Acharya - Nov 19, 2019


Despite Giving Money Away, Bill Gates Once Again Becomes The World's Richest Person

As of November 16, Bill Gates' net worth is $110 billion. That number was a little higher than Jeff Bezos’, whose net worth is now $109 billion.

In 2008, Bill Gates stopped his full-time work at Microsoft, and in 2014, he stepped down from the chairman position. Over almost 20 years, his focus has shifted from PC to philanthropy. However, although he reduced his workload at the company and gave away money, Gates is now the richest person in the world, again.

As of November 16, Bill Gates’net worth is $110 billion, as reported by Bloomberg. That number was a little higher than Jeff Bezos’, whose net worth is now $109 billion. Since 2008, Bezos, Carlos Slim, Warren Buffet, and the likes have out-earned Gates many times.

Bill-Gates-1
Bill Gates

While Gates has sold about $35 billion of his stock at Microsoft for funding the Bill and Melinda Gates Foundation, he remains to own an incredible amount of stocks at the company. According to Bloomberg’s record, his net worth has increased by winning a $10 billion contract with the Pentagon as well as a rise in the price of the firm’s stock.

On June 22, the stock price registered $136, which has now increased to nearly $150.

Meanwhile, Bezos’ net worth underwent to falls in the past few months when he lost billions of dollars after Amazon underperformed in Q3 2019 and about $35 billion to his ex-wife Mackenzie Bezos when they got divorced.

Jeff-Bezos-2

And the ironic thing here is that when Gates last made headlines, he spoke at the NYT DealBook conference where he questioned the proposed expanded wealth tax of Elizabeth Warren, a presidential candidate from the Democrats. In particular, he said:

bill-gates-becomes-the-worlds-richest-person-3

He added that he was not sure whether Warren was open-minded or would she even be willing to be around someone with lots of money.

In 1995, Gates first became the world’s richest person with a net worth of $12.9 billion.

Comments

Sort by Newest | Popular

Next Story

Read more

The Pro Display XRD Requires A Special Cloth To Clean, And The Cloth Itself Needs Special Attention Too

ICT News- Dec 11, 2019

The Pro Display XRD Requires A Special Cloth To Clean, And The Cloth Itself Needs Special Attention Too

According to Apple, the cloth needs to be hand-washed with soapy water and let air dry for at least 24 hours

iPhone Become The Most-Used Smartphone Model For Streaming Pornhub

ICT News- Dec 13, 2019

iPhone Become The Most-Used Smartphone Model For Streaming Pornhub

It's the heyday for iPhone while it has become the most-used smartphone model for streaming Pornhub.

Scientists Have Found A Way For Every Electronic Devices To Transmit Quantum Information

Features- Dec 12, 2019

Scientists Have Found A Way For Every Electronic Devices To Transmit Quantum Information

What they found is that we could transmit quantum information through silicon carbide, the material appears everywhere, from telescopes to LED lights

Hey Netflix, The Pirate Bay Is Coming To Town!

ICT News- Dec 12, 2019

Hey Netflix, The Pirate Bay Is Coming To Town!

The torrent hub now wants to expand its business into the prosperous streaming industry. 

A Gallery Sells This Banana Duct-Taped To A White Wall For Rs 85 Lakh

Features- Dec 11, 2019

A Gallery Sells This Banana Duct-Taped To A White Wall For Rs 85 Lakh

The artwork is a real banana stick to an art gallery’s white wall using duct tape. And there are people who pay as much as $120,000 or Rs 85 Lakh for it.

Logitech To Make A 4K Webcam For Apple's Pro Display XRD

ICT News- Dec 12, 2019

Logitech To Make A 4K Webcam For Apple's Pro Display XRD

While the market is no short of webcams compatible with the Pro Display XRD, the 4K Pro Magnetic Webcam of Logitech is arguably the most suitable