Nov 16, 2019

Bill Gates tops Jeff Bezos as richest person in the world

Bill Gates. Photo: Mike Cohen/Getty Images for The New York Times

Microsoft's Bill Gates topped Amazon's Jeff Bezos as the richest person in the world for the first time in two years on Friday, Bloomberg reports.

Driving the news: The Pentagon's recently announced decision to grant a $10 billion cloud-computing contract to Microsoft ahead of Amazon may have played a part in the news, according to Bloomberg.

  • Shares of Microsoft have increased 4% since the decision was announced on Oct. 25, pushing Gates' assets to $110 billion.

Yes, but: Bloomberg notes that Bezos' net worth would be far greater had he not divorced his now-ex-wife, MacKenzie Bezos, which he announced in January. MacKenzie received a quarter of their jointly held Amazon stock earlier this year.

  • Gates has also cut into his wealth by donating more than $35 billion to the Bill & Melinda Gates Foundation since 1994.

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Amazon to use Trump comments in challenge to $10B contract awarded to Microsoft

Photo: SAUL LOEB/AFP via Getty Images

Amazon is citing comments made by President Trump in the company's legal challenge to the Defense Department for granting a $10 billion cloud computing contract to Microsoft, the Washington Post reports.

The big picture: Amazon is suing the Pentagon, claiming the decision to hand Microsoft the contract for the Joint Enterprise Defense Infrastructure (JEDI) project in late October was influenced by Trump, who has repeatedly and publicly taken shots at Amazon. A company spokesperson has said an "unmistakable bias" affected the Pentagon's decision-making process, per the Post.

Go deeperArrowNov 23, 2019

Amazon claims Trump improperly pressured Pentagon to deny cloud contract

Jeff Bezos. Photo: Paul Morigi/Getty Images for Amazon

Amazon Web Services — which is suing the Pentagon after it selected Microsoft for a massive cloud computing contract — has filed a complaint alleging that President Trump pressured the agency to keep the $10 billion JEDI contract from Amazon and Jeff Bezos.

The big picture: The contract has become a flash point between Amazon and Trump, who has singled out the tech giant and mentioned the JEDI contract in tweets and private conversations. The complaint alleges that Trump “launched repeated public and behind-the-scenes attacks" to steer the contract away from "his perceived political enemy," Jeff Bezos.

Go deeperArrowDec 9, 2019

The techlash zeroes in on Amazon

Illustration: Sarah Grillo/Axios

On the big shopping days of the year — Black Friday, Cyber Monday and, of course, Prime Day — Amazon once shined with its hyper-efficient apparatus for commerce on full display.

No more. Heightened scrutiny of the consequences of its bigness is beginning to supplant the glowing coverage of its success.

Go deeperArrowDec 5, 2019