Jeff Bezos, Amazon’s founder, clinched the world’s wealthiest title again with a $200 billion fortune on March 5, 2024, overtaking Elon Musk.
Musk, known for SpaceX, Tesla, and X, now holds the second place with $198 billion.
According to the Bloomberg Billionaires Index, this year, Bezos’s wealth surged by $23 billion, while Musk’s dropped by $31 billion.
The index, updated daily in New York, tracks global wealth changes.
Earlier, in January 2023, Musk briefly led, surpassing Bernard Arnault of LVMH, which includes luxury brands like Sephora and Louis Vuitton.
Yet, Arnault also vied for the top, showcasing the intense wealth race among these billionaires. Arnault trails with $197 billion, securing a close third in the rankings.
Jeff Bezos reclaimed his position as the world’s richest person, partly due to a surge in Amazon’s stock value.
This increase added $23 billion to his wealth, while a decline in Tesla’s share price cost Elon Musk about $20 billion, narrowing the gap between their net worths.
Bezos’s strategic move to sell up to 50 million Amazon shares further propelled his wealth, allowing him to overtake Musk in the billionaires ranking.
Background
Jeff Bezos founded Amazon in 1994, initially as an online bookstore.
He expanded Amazon into a global e-commerce and technology giant. Bezos also invests in space exploration with his company, Blue Origin.
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