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 present stands at $200bn, topping the Tesla chief’s $198bn, the Bloomberg Billionaires Index confirmed on Tuesday.
Bezos has gained $23bn thus far in 2024, whereas Musk has misplaced about $31bn, in response to the index.
The billionaires’ wealth positive factors and losses intently tracked the inventory market fortunes of Amazon and Tesla, who rely their founders as their largest shareholders.
Amazon’s share value has surged by greater than 18 % this yr, whereas Tesla’s has dropped by 24 %.
Regardless of promoting $8.5bn value of Amazon shares earlier this month, Bezos stays the largest shareholder within the e-commerce big with a 9.56 % stake.
Musk has an fairness stake in Tesla of about 20 %.
In January, a choose in the US struck down a Tesla pay package deal 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 listing in Could 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.