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This time it\u2019s official.
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\nMicrosoft Corp. co-founder Bill Gates overtook Amazon.com Inc.\u2019s Jeff\nBezos as the world\u2019s richest person on Friday, reclaiming the top ranking for\nthe first time in more than two years.
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\nGates may have been helped in part by the Pentagon\u2019s surprise decision\nannounced Oct. 25 to award a $10 billion cloud-computing contract to Microsoft\nover Amazon. Shares of Microsoft have since climbed 4%, giving Gates a $110\nbillion fortune, according to the Bloomberg Billionaires Index. Amazon\u2019s stock\nis down about 2% since the announcement, putting Bezos\u2019s net worth at $108.7\nbillion.
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\nGates, 64, had briefly topped Bezos, 55, on an intraday basis last\nmonth after Amazon posted its first profit drop in two years, but shares of the\nworld\u2019s biggest online retailer pared the decline. The index, which tracks the\nwealth of the richest 500 people, is updated each trading day after U.S.\nmarkets close. Europe\u2019s richest person, Bernard Arnault, is third with $102.7\nbillion.<\/p>\n","protected":false},"excerpt":{"rendered":"
This time it\u2019s official. Microsoft Corp. co-founder Bill Gates overtook Amazon.com Inc.\u2019s Jeff Bezos as the world\u2019s richest person on Friday, reclaiming the top ranking for the first time in more than two years. Gates may have been helped in part by the Pentagon\u2019s surprise decision announced Oct. 25 to award a $10 billion cloud-computing […]<\/p>\n","protected":false},"author":1,"featured_media":1640,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_mi_skip_tracking":false},"categories":[4,11],"tags":[],"yoast_head":"\n