Harshil Khatter, Author at Inc42 Media

Microsoft cofounder and philanthropist Bill Gates has officially surpassed Amazon CEO Jeff Bezos as the world's richest person with a net worth of $110 Bn, according to the latest Bloomberg Billionaires Index. Perhaps unsurprisingly, only one Indian features among the top-50 billionaires. Reliance Industries' chairman Mukesh Ambani was once again the richest Indian, according to Bloomberg. Bezos was knocked off his perch as the world's wealthiest man last month after Amazon's less-than-stellar Q3 results meant the Amazon founder lose nearly $7 Bn in stock value. Bezos was second on the list after topping it in 2018 with a net worth of $160 Bn. Interestingly, AWS lost out on a golden-ticket $10 Bn Pentagon contract to Microsoft, which helped the Redmond giant climb up in terms of market cap as well. Ambani's net worth was $56.7 Bn in the latest list, with the net worth rising by $12.4 Bn in the year to date. Since the last counting, Ambani's net worth rose by $547 Mn. France's Bernard Arnault was third on the list after the two tech titans. The Louis Vuitton owner had the highest jump in terms of net worth with a leap of $34.1 Bn in the year. Legendary investor Warren Buffett and Facebook cofounder and CEO Mark Zuckerberg rounded off the top 5 richest people in the world. The Bloomberg Billionaires Index is updated on a daily basis, though the ranking of the world’s richest people does not fluctuate too much.

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