Jeff Bezos Regains Title of Richest Person in the World, Surpassing Elon Musk

by time news

2024-03-05 08:31:00

Jeff Bezos, the founder of Amazon, received back the title of the richest person in the world after more than two years – this was announced this morning (Tuesday) in “Business Insider”.

The jump in the copy capital held by Bezos is due to the rise of Big Tech stocks, that is, a jump among the largest information technology companies in the United States, including Amazon.

More articles in money >>

Bezos’ net worth is now about 200 billion dollars according to the Bloomberg Billionaires Index. The CEO of Tesla, Elon Musk, is now ranked second after him in the ranking of billionaires.

Bezos recaptured the top spot after a sustained rise in big tech stocks, and against the backdrop of the boom in artificial intelligence. Amazon’s stock alone rose 17% in the past year, and almost 90% more than last year.

Since Bezos owns about 9% of Amazon, the world’s largest retailer, his net worth rises when the company’s stock rises. The billionaire also owns the space exploration company Blue Origin, which Bloomberg also takes into account in the ranking. Before that, the last time Bezos was ranked as the richest person in the world was in 2021.

Businessman Elon Musk Photo: Reuters The battle for first place

The 60-year-old Bezos took the place of Elon Musk, who was in first place on the Bloomberg ranking for nine months. At one point, Musk was $142 billion richer than Bezos, according to Bloomberg. Now Musk’s net worth is estimated at 198 billion dollars.

Bezos first overtook the founder and co-founder of Microsoft, Bill Gates, as the richest person in the world in 2017. Bezos himself was ousted by Musk in 2021, amid the rise of Tesla’s shares.

The owner of Louis Vuitton, the billionaire Bernard Arnault Photo: Marc DEVILLE/Gamma-Rapho via Getty Images

Bernard Arnault, CEO of the LVMH corporation and owner of Louis Vuitton, is in third place in the ranking of the richest people in the world by Bloomberg, with 197 billion dollars.

Did you find a language mistake?
#Jeff #Bezos #richest #person #world

You may also like

Leave a Comment