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Jeff Bezos, the richest man in the world, dethrones Elon Musk!

2024-03-05 10:42:31Kosova&Bota SHKRUAR NGA REDAKSIA VOX
Jeff Bezos, the richest man in the world, dethrones Elon Musk!
Jeff Bezos/ Elon Musk

Jeff Bezos has dethroned Elon Musk and reclaimed the title as the richest man in the world.

The Amazon founder's net worth currently stands at $200 billion, surpassing the Tesla boss's $198 billion, according to the Bloomberg Billionaires Index .

Bezos has earned $23 billion so far in 2024, while Musk has lost about $31 billion, according to the index.

The billionaires' wealth gains and losses closely followed the stock market fortunes of Amazon and Tesla, which count their founders as their largest shareholders.

Amazon's stock price is up more than 18 percent this year, while Tesla's is down 24 percent.

Despite selling $8.5 billion worth of Amazon shares earlier this month, Bezos remains the largest shareholder in the e-commerce giant with a 9.56 percent stake.

In January, a judge in the United States struck down a Tesla pay package for Musk worth up to $55.8 billion after finding that the process for approving his remuneration was deeply flawed.

Musk, who also runs X and SpaceX, climbed to the top of the rich list in May after dethroning Bernard Arnault, chairman and CEO of luxury goods company LVMH, who now ranks third with $197 billion.

Bezos, Musk and Arnault have competed for the top spot in recent years in the ranking, which is based on stock market fluctuations and other economic data. / Bloomberg


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