Amazon founder Jeff Bezos has reclaimed his title as the world's richest person, surpassing Elon Musk on the Bloomberg Billionaires Index with a net worth of $200 billion. This marks the first time Bezos has held the top spot since the fall of 2021. Despite no longer running Amazon, Bezos still owns about nine percent of the company, which has seen its stock price rise significantly. In addition to his stake in Amazon, Bezos also founded the space exploration company Blue Origin and acquired The Washington Post for $250 million in 2013. He recently made headlines for selling off $8.5 billion in Amazon shares, further boosting his wealth.
On the other hand, Elon Musk, who heads Tesla, SpaceX, and the social media platform X, has seen his net worth drop by more than $30 billion due to Tesla's declining share price. Musk, who had held the title of the world's richest person since 2021, has been hit by Tesla's volatile stock performance and the annulment of his massive compensation agreement worth $55.8 billion. Despite his setbacks, Musk remains a key player in the tech and space industries, with ambitions to increase his stake in Tesla to 25% to further his work in artificial intelligence and robotics.
French luxury mogul Bernard Arnault of LVMH remains in third place on the list of the world's richest people, with a net worth of $197 billion. Bezos' return to the top spot highlights the ever-changing landscape of the world's wealthiest individuals, as fortunes rise and fall based on market conditions and business performance.
themes: SpaceX Jeff Bezos Elon Musk Tesla Washington Amazon