Bezos has gained $23bn in 2024, whereas Musk has misplaced $31bn, in accordance with the Bloomberg Billionaires Index.
Jeff Bezos has dethroned Elon Musk to reclaim his title because the world’s richest man.
The Amazon founder’s internet price presently stands at $200bn, topping the Tesla chief’s $198bn, the Bloomberg Billionaires Index confirmed on Tuesday.
Bezos has gained $23bn thus far in 2024, whereas Musk has misplaced about $31bn, in accordance with the index.
The billionaires’ wealth positive factors and losses carefully tracked the inventory market fortunes of Amazon and Tesla, who rely their founders as their largest shareholders.
Amazon’s share value has surged by greater than 18 % this yr, whereas Tesla’s has dropped by 24 %.
Despite promoting $8.5bn price of Amazon shares earlier this month, Bezos stays the most important shareholder within the e-commerce big with a 9.56 % stake.
Musk has an fairness stake in Tesla of about 20 %.
In January, a choose within the United States struck down a Tesla pay package deal for Musk valued at as much as $55.8bn after discovering that the method for approving his remuneration was deeply flawed.
Musk, who additionally runs X and SpaceX, rose to the highest of the wealthy checklist in May after toppling Bernard Arnault, the chairman and CEO of luxurious items firm LVMH, who now ranks third with $197bn.
Bezos, Musk and Arnault have jockeyed for the highest spot lately within the rating, which is predicated on fluctuations within the inventory market and different financial knowledge.
https://www.aljazeera.com/economy/2024/3/5/jeff-bezos-topples-elon-musk-to-reclaim-title-of-worlds-richest-man?traffic_source=rss
