Jeff Bezos has reclaimed the title of the richest person on earth, surpassing Elon Musk, according to the Bloomberg Billionaires Index on Monday.
The Amazon founder’s net worth was $200 billion, while Musk followed at $198 billion. Musk has lost about $31 billion over the past year, while Bezos has gained $23 billion, according to the index.
Tesla shares had tumbled more than 7% on Monday.
Earlier this year, a Delaware state court judge threw out Musk’s 2018 pay package — worth more than $50 billion — that helped to make him one of the richest people in the world. Tesla shares also tumbled about 24% year-to-date.
Of course, the title of the richest person on earth swaps every few months, depending on markets performance. Musk and Arnault still hold plenty of wealth — since 2020, the net worth of the five wealthiest people on earth has skyrocketed 114% to a total of $869 billion, after taking inflation into account, according to Oxfam’s annual inequality report.
source CNN
