Bill Gates $4 billion away from reclaiming world's richest title

New Delhi, News Nation Bureau | Updated : 25 August 2019, 08:05 PM
Bill Gates $4 billion away from reclaiming world's richest title.
Bill Gates $4 billion away from reclaiming world's richest title.

In 2018, Jeff Bezos, the founder of Amazon, surpassed Bill Gates to become the world’s richest person. However, Gates, who has earlier retained the world’s richest person title for almost 20 years, might reclaim it yet again. According to the Bloomberg Billionaires Index, Bill Gates has a net worth of $105 billion, whereas Jeff Bezos commands a net worth of nearly $109 billion as of August 25, 2019.

Notably, Bill Gates has added as much as $14.2 billion in his net worth. Jeff Bezos, on the other hand, has lost about $15.7 billion in the present calendar year 2019.As per Bloomberg, Bill Gates is just $4 billion away from becoming the world’s richest person, if the net worth of Jeff Bezos either stays around the level of $109 billion or below it. Jeff Bezos held a net worth of $168 at the end of September 4, 2019. A drastic reduction in Jeff Bezos’ net worth was witnessed in April this year when it fell to $115 billion from $150 billion in a single day.

The net worth of almost all the billionaires is largely derived from their equity interests, either in their own company or a pool of other enterprises or a proportionate mix of both.

Jeff Bezos, once in 2017, briefly became the world’s richest person due to the massive spurt in Amazon stock price and then finally held the title for over a year now after replacing Bill Gates last year.

In an earlier interview, when Jeff Bezos was asked if he was seeking the world’s richest title, he had said, ''I can assure you I have never sought that title and it was fine being the second wealthiest person in the world. That actually worked fine... I would say it's something people naturally are curious about you know...it's a kind of an interesting curiosity but it's not the thing I would much rather… [be known as] inventor Jeff Bezos or entrepreneur Jeff Bezos or you know father Jeff Bezos, those kinds of things are much more meaningful to me.''

First Published: Sunday, August 25, 2019 08:05 PM

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