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Bezos Dethrones Musk to Reclaim Title of World's Richest Man

Bezos Dethrones Musk to Reclaim Title of World's Richest Man
Amazon founder Jeff Bezos and his fiancee Lauren Sanchez at the premiere of "The Lord Of The Rings: The Rings Of Power" in London (AP/2022 file photo)

Tuesday, 05 March 2024 06:13 AM EST

Amazon founder Jeff Bezos took back his spot as the world's richest man, dethroning Elon Musk on the Bloomberg Billionaires Index.

Bezos' net worth stands at $200 billion, according to the tracker on Monday, surpassing the Tesla chief's $198 billion.

Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months.

Adding to Musk's woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.

Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.

Even after recently selling off $8.5 billion in stocks he remains the company's largest shareholder.

The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world's richest people, worth $197 billion.

© AFP 2025


StreetTalk
Amazon founder Jeff Bezos took back his spot as the world's richest man, dethroning Elon Musk on the Bloomberg Billionaires Index.
jeff bezos, elon musk, worlds, richest, man
151
2024-13-05
Tuesday, 05 March 2024 06:13 AM
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