Jeff Bezos's divorce costs him title as 'Richest Person In The World'

Andrew Cummings
November 17, 2019

As of Friday, the Bloomberg Billionaire Index reckons that the Microsoft co-founder and philanthropist now has a total net worth of $110bn, which is frankly an obscene amount of money.

The contract in question, which is called the Joint Enterprise Defense Infrastructure -that's JEDI, to you and I - will see Microsoft provide all of the cloud storage for the Department of Defense for a 10 year period.

Even more galling for Bezos, Microsoft actually beat Amazon to the Pentagon cloud computing contract that eventually tipped the scales in Gates' favour.

The Microsoft co-founder had briefly topped Bezos as the world's richest man last month after Amazon's lacklustre Q3 results resulted in Bezos losing almost $7 billion in stock value.

Bernard Arnault of Louis Vuitton luxury brand came third at $103 billion while Facebook's Mark Zuckerberg was fifth at $74.5 billion.

Bezos had to pay a significant chunk of his Amazon stake to MacKenzie Bezos, his wife of 25 years, during his divorce. Amazon's stock is down about 2% since the announcement, putting Bezos's net worth at US$108.7 billion.

The Amazon billionaire has lost his title as "Richest Person In The World", according to the Bloomberg Billionaires Index.

Gates had briefly topped Bezos on an intraday basis last month after Amazon posted its first profit drop in two years, and since then shares of the world's biggest online retailer have continued to decline.

Bezos' fortune has dwindled after divorce with his MacKenzie in January. Her net worth dipped to $35 billion on Friday.

Taking the top spot from Bezos is Bill Gates.

It's the first time Gates has held the top spot in over two years, according to CNN.

Gates recently shared his thoughts on the wealth tax that's been proposed by some Democratic presidential candidates, including Elizabeth Warren, saying he's already paid more than US$10 billion in taxes.

"If I'd had to pay $20 billion, it's fine", he said.

As of today, that would be US$10 billion.

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