Billionaire Elon Musk is no longer the world’s richest person as he lost the title to Amazon founder Jeff Bezos. Musk lost his position atop for the first time in more than nine months. According to the latest data from the Bloomberg Billionaires Index, Bezos’s current net worth has reached USD 200 billion, while Musk’s has slightly decreased to USD 198 billion.
The Index, released on Tuesday, highlighted that over the past year, Musk experienced a loss of approximately USD 31 billion, whereas Bezos saw an increase of USD 23 billion in his fortune. In January 2021, Musk had surpassed Bezos to claim the title of the world’s wealthiest person, with a net worth of USD 195 billion. Two years later in May 2023, Musk once again ascended to the top spot, surpassing tycoon Bernard Arnault, the CEO of luxury brand Louis Vuitton’s parent company LVMH. Arnault had initially overtaken Musk as the world’s richest person in December 2022 when Tesla’s value experienced a significant decline
For the first time since 2021, Bezos has reclaimed the top position as the world’s richest person. This shift comes as Tesla shares continue to decline, while Amazon shares have been steadily rising, narrowing the wealth gap between the two billionaires in recent months.
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