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Elon Musk dethroned as world richest man

By  Victoria Philip

World Richest CEO, Elon Musk has been reportedly dethroned on Monday by Amazon’s founder, Jeff Bezos who reclaimed his title as the world’s wealthiest person, surpassing Elon Musk on the Bloomberg Billionaires Index.

Bezos’ net worth now stands at $200 billion, exceeding the Tesla chief’s $198 billion.

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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.

Bernard Arnault, the CEO of LVMH,maintains the third spot with a net worth of $197 billion.

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Victoria Philip Victoria Philip Philip Victoria is a seasoned Nigerian Journalist and reporter at Dockaysworld. She holds a degree in Print Journalism from the Nigerian Institute of Journalism, Lagos State.

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