Bezos has gained $23bn in 2024, whereas Musk has misplaced $31bn, in response to the Bloomberg Billionaires Index.
Jeff Bezos has dethroned Elon Musk to reclaim his title because the world’s richest man.
The Amazon founder’s web value at the moment stands at $200bn, topping the Tesla chief’s $198bn, the Bloomberg Billionaires Index confirmed on Tuesday.
Bezos has gained $23bn up to now in 2024, whereas Musk has misplaced about $31bn, in response to the index.
The billionaires’ wealth features and losses intently tracked the inventory market fortunes of Amazon and Tesla, who depend their founders as their largest shareholders.
Amazon’s share value has surged by greater than 18 p.c this yr, whereas Tesla’s has dropped by 24 p.c.
Regardless of promoting $8.5bn value of Amazon shares earlier this month, Bezos stays the largest shareholder within the e-commerce large with a 9.56 p.c stake.
Musk has an fairness stake in Tesla of about 20 p.c.
In January, a decide in america struck down a Tesla pay bundle 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 Might 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 information.
