According to the latest update from Forbes as of November 16, the Amazon owner currently owns 108.6 billion USD - the richest person on the planet.
Meanwhile, Bill Gates' assets are listed by Forbes at 107.4 billion USD.
Microsoft founder Bill Gates beat Amazon CEO Jeff Bezos on November 15 thanks to a sharp increase in shares. Specifically, Bill Gates' assets are up to $110 billion (according to Bloomberg Billionaire Index).
The asset increase is believed to be because the US Department of Defense unexpectedly awarded a multi- billion cloud computing contract to Microsoft on October 25. Immediately after receiving the news, the company's stock price immediately increased by 4%.
Since the beginning of the year, Microsoft's stock price has increased by 48%, helping Mr. Gates's asset size increase by 1%. The remaining assets of the Microsoft founder's total assets are in stocks and investments of his family.
Meanwhile, Jeff Bezos' assets fell to $108.7 billion as Amazon's stock price fell 2%.
The race for the richest person on the planet became "more bustling" after Jeff Bezos divorced, while Bill Gates spent up to 35 billion USD on charity.
Following Jeff Bezos and Bill Gates is currently Bernard Arnault, the French luxury tycoon and investment legend Warren Buffett.
