World’s Richest Man, Elon Musk has been dethroned by Amazon’s founder, Jeff Bezos who reclaimed his title as the world’s wealthiest person.
Bezos’ net worth now stands at $200 billion, exceeding the Tesla chief’s $198 billion.
Despite stepping down from Amazon’s helm, Bezos continues to benefit from the company’s soaring stock prices, even after selling $8.5 billion in stocks.
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Meanwhile, Elon Musk, overseeing Tesla, X (formerly Twitter), and SpaceX, has faced a significant wealth decline, losing over $30 billion due to Tesla’s stock decrease and the court-approved annulment of his $55.8 billion compensation agreement.
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Bernard Arnault, the CEO of LVMH, maintains the third spot with a net worth of $197 billion.
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