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Distinct Post > World > Jeff Bezos becomes world’s richest man, dethrones Elon Musk
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World

Jeff Bezos becomes world’s richest man, dethrones Elon Musk

Claire Martin Published March 5, 2024
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Jeff Bezos, the Amazon founder, took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Bezos’ net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief’s $198 billion.

Musk, who also heads 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.

Adding to Musk’s woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.

For the first time in more than nine months, Elon Musk is no longer the world's richest person https://t.co/eIE8PQ2bV8

— Bloomberg Wealth (@wealth) March 4, 2024

Jeff Bezos, who no longer runs Amazon, has meanwhile benefited from the e-commerce giant’s rising stock price.

Even after recently selling off $8.5 billion in stocks he remains the company’s largest shareholder.

The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world’s richest people, worth $197 billion.

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