Bill Gates have dethroned Amazon’s CEO Jeff Bezos to take back the number one position of richest person in the world.
According to Bloomberg Billionaires Index, Mr Gates polled a net worth of $110 billion.
This is the first time Mr Gates (co-founder of Microsoft), is holding the top spot in over two years. He briefly topped Mr Bezos last month after Amazon reported that its profit for the three months ending in September fell nearly 28% from a year earlier.
Mr Gates regained the lead because Microsoft (MSFT) shares are up nearly 48% this year, which helped boost the value of his stake in the company.
In October, Microsoft beat out Amazon for a $10 billion cloud-computing contract with the Pentagon, adding some additional drama to the Gates/Bezos wealth race.
Mr Bezos, who earlier this year paid out a significant portion of his Amazon stake in his divorce from his wife of 25 years MacKenzie Bezos, now sits at second with a net worth of $108.7 billion.
Mr Gates recently commented on his wealth in response to a wealth tax proposed by some Democratic political candidates, including Sen. Elizabeth Warren.
He said he’s paid more than $10 billion in taxes already and it would be fine with him to up that to $20 billion. However, having to pay $100 billion would prompt him to start “to do a little math about what I have left over.”