Newsdeck: Gates Joins Bezos in 12-Digit Club as the Only Centibillionaires

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Newsdeck: Gates Joins Bezos in 12-Digit Club as the Only Centibillionaires By 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 in 2018.

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’sBidzina Ivanishvili, whose worth about a third of Georgia’s GDP.

 

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