Gates back with Bezos in rare $100 billion club

Gates back with Bezos in rare $100 billion club

Gates back with Bezos in rare $100 billion club

The FINANCIAL – Microsoft co-founder Bill Gates, once the world’s richest person, has again eclipsed the $100 billion threshold, joining Amazon.com’s Jeff Bezos in the exclusive club, according to the Bloomberg Billionaires Index.

According to Bloomberg Gates’s fortune, now $100 billion on the nose, hasn’t reached such heights since the dot-com boom, when Bezos was only beginning his march up the world’s wealth rankings. The Amazon founder is now worth $145.6 billion, having added $20.7 billion this year alone, while Gates has gained $9.5 billion.

According to Bloomberg these two fortunes underscore a widening wealth gap in the U.S., where those with the most capital are accumulating riches the fastest. It’s also a worldwide trend. France’s Bernard Arnault has an $86.2 billion fortune, equal to about 3 percent of his country’s economy. The net worth of Spain’s Amancio Ortega represents 5 percent of that nation’s gross domestic product. And then there’s Bidzina Ivanishvili, who’s worth about a third of Georgia’s GDP, agency noted. The Gates and Bezos mega-fortunes may not last long. Gates has donated more than $35 billion to the Bill & Melinda Gates Foundation and said he plans to give away at least half his wealth. Bezos may cede some of his fortune for a different reason: he and his wife, Mackenzie, are divorcing.


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