In a recent turn of events, Jeff Bezos has once again clinched the title of the world’s richest person, surpassing Elon Musk.
According to the Bloomberg Billionaires Index, Bezos’s net worth currently sits at $200 billion, edging past Musk’s $198 billion. Bezos has seen a gain of $23 billion in 2024, while Musk experienced a loss of about $31 billion during the same period.
The fortunes of these billionaires closely mirror the stock market performances of their respective companies, Amazon and Tesla. Amazon’s stock price has soared by more than 18 percent this year, whereas Tesla’s has declined by 24 percent.
Also Read | Joe Rogan predicts Elon Musk’s Tesla robot Optimus ‘kills everybody’ in dystopian horror
Despite Bezos selling $8.5 billion worth of Amazon shares earlier in the month, he still holds the position of the largest shareholder in the e-commerce giant, with a 9.56 percent stake. On the other hand, Musk possesses an equity stake in Tesla of approximately 20 percent.
Earlier this year, a US judge invalidated a Tesla pay package for Musk, valued at up to $55.8 billion, citing significant flaws in the approval process for his compensation.
Also Read | Tesla releases three new Cybertruck colors – and they cost astronomical sums of money
Musk, who also heads X and SpaceX, ascended to the top of the rich list in May after surpassing Bernard Arnault, the chairman and CEO of luxury goods company LVMH, who currently ranks third with $197 billion.
The rivalry for the top position amongst Bezos, Musk, and Arnault has been ongoing, with fluctuations in the stock market and other economic factors determining their rankings.
