Bill Gates hailed as the world’s richest person anew – Bloomberg

Published November 18, 2019, 12:00 AM

by manilabulletin_admin

By Richa Noriega

Billionaire philanthropist and Microsoft co-founder Bill Gates was hailed on Friday as the richest person in the world, the Bloomberg Billionaire Index reported.

FILE - In this April 16, 2018, file photo, Bill Gates, Co-Chair of the Bill & Melinda Gates Foundation, talks to the media after a meeting with French President Emmanuel Macron at the Elysee Palace in Paris. The Seattle region is home to the two richest men in America, but while Amazon's Jeff Bezos is blamed by some for rising rents and clogged city streets, Gates is largely admired for helping lead the computing revolution and for the billions he donates through his philanthropy. (AP Photo/Michel Euler, File)
Bill Gates (AP Photo /Michel Euler / File Photo / MANILA BULLETIN)

The Bloomberg Billionaire Index is a daily ranking of the richest person in the world. It calculates and compares the net worth analysis of the world’s richest 500 people.

The Microsoft co-founder has regained the top spot in over two years. As of Monday, Gates had a net worth of $110 billion, and narrowly unseated the Amazon CEO Jeff Bezos, who’s worth was approximately $109 billion.

According to CNN, Gates regained the lead after Microsoft shares went up by nearly 48 percent this year. It helped boost the value of his stake in the company.

Included in the top 10 were Bernard Arnault ($103 billion), Warren Buffer ($86.6 billion), Mark Zuckerberg ($74.5 billion), Amancio Ortega ($67.6 billion), Larry Page ($64.3 billion), Sergey Brin ($62.4 billion), Charles Koch ($61.7 billion), and Julia Flesher Koch ($61.7 billion).

In 2000, Gates announced that he was stepping down as Microsoft’s chairman in order to focus on software strategy, Forbes reported.