Jeff Bezos dethrones Elon Musk with $23 billion to reclaim the title of world’s richest man.
Musk has lost $31 billion,while Bezos has gained $23 billion in 2024, according to the Bloomberg Billionaires Index.world’s richest man
The Bloomberg Billionaires Index showed on Tuesday that the Amazon founder’s net worth currently ranks $200 billion, standing above the Tesla CEO’s $198 billion.world’s richest man
The index indicated that Bezos has gained $23 billion since 2024, where Musk has lost about $31 billion.
The Billionaires index closely tracks stock market wealth gains and losses of Amazon and Tesla, where the biggest shareholders are their founders. world’s richest man
Due to the stock market fluctuations and other economic data, Tesla’s share price has dropped by 24 percent in 2024, whereas Amazon stock has surged by 18 percent.
Bezos maintains his position as the biggest shareholder in the e-commerce business with a 9.56 percent share, even after selling $8.5 billion worth of Amazon shares earlier this month. world’s richest man
Elon’s equity stake in Tesla currently stands at about 20 percent, according to a source.
In January, a judge in the United States struck down a Tesla pay package for Musk valued at up to $55.8bn after finding that the process for approving his remuneration was deeply flawed, Al Jazeera reported. world’s richest man
Elon Musk, the founder of X and SpaceX, recently overtook Bernard Arnault, who is the CEO of LVMH, in the world richest man’s race in May.
Arnault appeared on the world richest man list before sliding down to the third richest man spot with his net worth currently standing at $179 billion. world’s richest man
These three billionaire lions, Bezos, Arnault and Musk have struggled for the top position in the recent years. world’s richest man
