2024-03-05T16:21:11+00:00
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/ The CNBC Arabia financial community revealed, on Tuesday, the return of Amazon founder Jeff Bezos to the throne of the richest individuals on the earth.
The community mentioned that as of at the moment, Bezos has turn into the richest individual on the earth with a internet price estimated at $200 billion, based on the Bloomberg Billionaires Index, toppling Musk, CEO of Tesla.
It confirmed that Bezos regained the title after the big earnings achieved by main expertise shares after the bogus intelligence increase, and Bezos had fallen from first place because the richest individual on the earth within the yr 2021.
Amazon shares have witnessed will increase of 17% in the course of the present yr up to now, and exceeded 90% in comparison with final yr.
Bezos owns about 9% of Amazon, the biggest on-line retailer on the earth, which contributes to the rise in his wealth because of the enhance within the worth of those shares. Bezos additionally owns the area exploration firm Blue Origin.
Bezos, 60 years previous, had beforehand ousted billionaire Tesla CEO Elon Musk, who remained within the lead for 9 months, and at one level Musk was $142 billion richer than Bezos.
Bezos surpassed Invoice Gates, one of many founders of Microsoft, because the richest individual on the earth for the primary time in 2017, and Musk ousted Bezos in 2021 towards the backdrop of an increase in Tesla shares.
Tesla shares have beforehand fallen by 24% up to now this yr and three% decrease than final yr. Shares of the electrical car producer fell by 7% on Monday after its gross sales in China declined final February.