The two-way race as a white technical man has the most unimaginable amount of money that was cut again on Friday.
Jeff Bezos has led the pack for most of 2019 as the richest guy, with around $ 110 billion in the bank. Bill Gates, who is sipping his lavishly adorned heels, has been a grandfather-seemingly enjoyable guy philanthropist who was also known as a "ruthless bum" during his heyday as Microsoft's CEO. Gates & # 39; lucky have hovered around a paltry $ 107 billion.
But look, the tables have turned! Gates took over Bezos at the end of trading on Friday to become the world's richest man. Gates is currently worth $ 1
Net worths fluctuate on a daily basis because many of these guys' financial value is linked to the huge amount of shares they hold in their various companies – and stock prices change. Bloomberg keeps track of everything on the Bloomberg Billionaires Index, which it updates at the end of the trade every day.
Thanks to a surge in Microsoft stock and a drop in Amazon stock, Bezos and Gates traded places on the list in one and two places. The stock changes were likely in response to the Pentagon awarding Microsoft a $ 10 billion data processing agreement, which meant Amazon's cloud arm, Amazon World Service (AWS), was missing out on the government. Bezos himself lost $ 845 million in a single day.
Jeff Bezos takes a lot of luck as a pursued capitalist, and for good reason. In 2018, when the Amazon stock rose sharply, he became the richest person in history with a net worth of $ 150 billion. At the same time, his company is notorious for pushing productivity out of its workers at the expense of workers' rights and well-being.
And personally, Bezos has strikingly not signed The Giving Pledge – the billionaire promises to give away half of your wealth – while many of his contemporaries have. (In a spectacular move of petty charity, ex-wife Mackenzie Bezos signed on the promise almost as soon as her divorce from Jeff was completed.]
Gates, on the other hand, is considered the archetypal charitable billionaire. The Gates Foundation is the world's largest philanthropy Gates helped to find The Giving Pledge, along with Warren Buffett, and is a boon himself.
On the other hand, Gates' fortune got a little unusual scrutiny in November when he criticized presidential candidate Elizabeth Warren and her proposed "wealth tax." Gates said he would be happy to pay another $ 10 billion in taxes, but that he would be concerned if she estimated $ 100 billion.
It's not wealth tax figure: Warren proposes a six percent tax on households worth more than $ 1 billion, but the Internet (and Bernie Sanders) was quickly pointing out that even with $ 100 billion in taxes, Gates would still have billions left.
Bill Gates has a net worth of $ 106.8 billion, so even if you literally confiscated $ 100 billion from him, he would still be a multimillionaire. https://t.co/ZxBcYWoUDk Tu19199009002— NY For Sanders # Bernie2020 (@NYforSanders) November 7, 2019
Elizabeth Warren also invited Gates to a conversation and explain her plan.
I am always happy to meet people, even though we have different views. @BillGates if we get the chance, I would like to explain exactly how much you will pay under the wealth tax. (I promise it's not $ 100 billion.) Https://t.co/m6G20hDNaVintage19659002??— Elizabeth Warren (@ewarren) November 7, 2019
Can anyone be an ethical billionaire? Gates has taken the case for it. But even as he pledges his wealth, he only gets richer. !