- On Friday, Bill Gates regained the title of the richest person in the world from Jeff Bezos, according to the Bloomberg Billionaires Index.
- Gates’ net worth is $110 billion.
- In July, Gates was temporarily ranked as the world’s third-richest person behind Jeff Bezos and LVMH’s Bernard Arnault for the first time in at least seven years, according to the Bloomberg Billionaires Index.
- While Gates indulges in a few luxuries, they make up only a fraction of his fortune.
- He mainly spends his billions on charity through the Bill and Melinda Gates Foundation, and plans to give away most of his fortune.
- Visit Business Insider’s homepage for more stories.
Bill Gates is once again the world’s richest person.
On Friday, Gates overtook fellow centibillionaire Jeff Bezos on Bloomberg’s Billionaires Index. The news came after Microsoft beat out Amazon for a $10 billion cloud-computing contract from the Pentagon, spiking Microsoft’s shares and sinking Amazon’s, Bloomberg’s Tom Metcalf reported.
Gates, 64, has a net worth of $110 billion and he knows how to make the most of it. While he has some indulgences — like a Washington estate worth $125 million, a private airplane, and a luxury-car collection — they make up only a fraction of his massive fortune.
In fact, Gates and his wife, Melinda, previously said it’s unfair they’re so rich. Instead of spending billions on themselves, they often donate it to charity through the Bill and Melinda Gates Foundation. They’ve also pledged to give away most of their fortune through the Giving Pledge, which they launched in 2010.
Keep reading for a look at how Gates spends his billions.
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