{"id":1914,"date":"2020-10-26T03:31:37","date_gmt":"2020-10-26T03:31:37","guid":{"rendered":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/?p=1914"},"modified":"2020-10-26T03:31:37","modified_gmt":"2020-10-26T03:31:37","slug":"microsoft-ceo-bill-gates-is-back-on-top-of-the-world-as-he-retakes-this-coveted-title-from-fellow-billionaire-jeff-bezos","status":"publish","type":"post","link":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/microsoft-ceo-bill-gates-is-back-on-top-of-the-world-as-he-retakes-this-coveted-title-from-fellow-billionaire-jeff-bezos\/","title":{"rendered":"MICROSOFT CEO BILL GATES IS BACK ON TOP OF THE WORLD AS HE RETAKES THIS COVETED TITLE FROM FELLOW BILLIONAIRE JEFF BEZOS"},"content":{"rendered":"

Until 2017, businessman and tech innovator Bill Gates held the spot as Forbes\u2019\u00a0richest person in the world. In fact, he held this top position for all but four of the years from 1995 to 2017. Well, that is until he was dethroned by the\u00a0meteoric rise of Amazon CEO Jeff Bezos, who surpassed the Microsoft CEO\u2019s wealth in October 2017.<\/p>\n

Just two years after, Gates just retook his position at the list\u2019s number one once again as a bit of trouble comes Amazon\u2019s way.<\/p>\n

A SLIGHT SHAKEUP<\/h2>\n
\"\"<\/p>\n

Bezos took Amazon public back in May of 1997 at $18 per share. It\u2019s now valued at around $1,770 today<\/p>\n<\/div>\n

According to sources, Gates\u2019s reinstatement as the richest person in the world comes after a\u00a0 7% decline in Bezos\u2019 company\u2019s stock. This decrease is attributed to the recent release of Amazon\u2019s\u00a0third-quarter earnings report, which clearly didn\u2019t impress some investors. In the same report, it was revealed that although the online retail giant saw an increase in sales, it didn\u2019t generate as much profit as was previously predicted.<\/p>\n

This drop resulted in the billionaire\u2019s estimated net worth falling down to\u00a0$102.8 billion. In comparison, Gates has a current net worth of\u00a0$107 billion just a\u00a0couple billion higher but still enough for him to shake up the list once again.<\/p>\n

But this isn\u2019t the only blow Bezos\u2019 net worth sustained this year.\u00a0In his recent divorce from ex-wife\u00a0MacKenzie Bezos<\/strong>\u00a0last January, the billionaire\u2019s assets diminished as she was granted a\u00a0quarter of their Amazon stock as part of the settlement. This portion of their formerly joint wealth reportedly amounted to\u00a0$35.6 billion.<\/p>\n

SLIDING DOWN THE LIST<\/h2>\n
\"\"<\/p>\n

The couple, as well their billionaire friend, Warren Buffett, act as the foundation\u2019s trustees<\/p>\n<\/div>\n

In the end, though, it seems that maintaining his number one position doesn\u2019t matter too much for Gates. He actually slid down the list further just last summer because of his charity donations. This commitment to putting his massive fortune to good use is most evident in his creation of the Giving Pledge, an organization that encourages the world\u2019s richest to give away half of their wealth to good causes throughout their lifetimes.<\/p>\n

There\u2019s also the\u00a0Bill & Melinda Gates Foundation<\/strong>, which he runs with his wife. Launched back in 2000, the Gates-backed institution is said to be the \u2018largest private foundation in the world\u2019. It reportedly has a holding of\u00a0 $50.7 billion worth of assets and focuses on a variety of causes from healthcare to the reduction of extreme poverty.<\/p>\n

TELLING DECISION<\/h2>\n
\"\"<\/p>\n

MacKenzie has pledged at least $17 billion of the settlement she got to give away to charities.<\/p>\n<\/div>\n

While Bezos has his own charitable ventures, he has faced criticism time and again for the fact that he hasn\u2019t signed the Giving Pledge yet as many other billionaires have done. In fact, his ex-wife MacKenzie actually signed the Pledge shortly after separating from the CEO. This act was deemed pretty telling by some people, who speculate that the couple disagreed about the decision when they were still together.<\/p>\n","protected":false},"excerpt":{"rendered":"

Until 2017, businessman and tech innovator Bill Gates held the spot as Forbes\u2019\u00a0richest person in the world. In fact, he held this top position for all but four of the years from 1995 to 2017. Well, that is until he was dethroned by the\u00a0meteoric rise of Amazon CEO Jeff Bezos, who surpassed the Microsoft CEO\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":1915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[],"_links":{"self":[{"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/posts\/1914"}],"collection":[{"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/comments?post=1914"}],"version-history":[{"count":1,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/posts\/1914\/revisions"}],"predecessor-version":[{"id":1922,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/posts\/1914\/revisions\/1922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/media\/1915"}],"wp:attachment":[{"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/media?parent=1914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/categories?post=1914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/readymadewebsiteshop.com\/BusinessAndFinanceBlog\/wp-json\/wp\/v2\/tags?post=1914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}