Jeff Bezos has dethroned Elon Musk to reclaim his title as the world’s richest man.
The Amazon founder’s net worth currently stands at $200 billion, topping the Tesla chief’s $198 billion, the Bloomberg Billionaires Index showed on Tuesday.
The change in rankings highlights the volatility of wealth among the world’s wealthiest individuals, as their fortunes are closely tied to the performance of their companies’ stocks. Bezos’ return to the top spot comes after Musk briefly held the position following Tesla’s success in the stock market.
Both Bezos and Musk are renowned figures in the tech and business world, with their companies, Amazon and Tesla, respectively, playing significant roles in shaping industries and driving innovation. The competition for the title of the world’s richest person reflects the dynamic nature of wealth accumulation and the ever-changing landscape of global business.
As Bezos regains his status as the wealthiest individual globally, it underscores the remarkable success and influence he has achieved through his entrepreneurial endeavors, solidifying his position as a key figure in the business world.
Bezos, 60, unseated Tesla CEO Elon Musk, who was in the top spot for nine months. At one point, Musk was $142 billion richer than Bezos, per Bloomberg.
Bezos first surpassed Microsoft cofounder Bill Gates as the world’s richest person in 2017. Bezos was unseated by Musk in 2021 on the back of a Tesla share surge.
Musk and Bernard Arnault, the chairman of LVMH Moet Hennessy Louis Vuitton, are now the second and third richest people on the Bloomberg Billionaires Index. Their net worths currently stand at $198 billion and $197 billion, respectively.
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