Just In : Jeff Bezos Reclaims World’s Richest Man Title From Elon Musk
Amazon founder Jeff Bezos on Monday dethroned Elon Musk to reclaim his spot as the world’s richest man.
Bezos’ net worth stands at $200billion, according to the tracker, surpassing the Tesla chief’s $198billion.
Musk, who is also the owner of 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.
To add to Musk’s difficulties, a judge in January 2024 approved the cancellation of his massive Tesla pay agreement, worth $55.8billion and signed in 2018.
Bezos, who no longer leads Amazon, has benefited from the company’s growing stock price.
Despite recently selling off $8.5 billion in stock, he remains the company’s top stakeholder.
Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world’s wealthiest individuals, with $197 billion.
