Jeff Bezos Is Now World’s Richest Man After Dethroning Elon Musk: Report
According to the Bloomberg Billionaires Index, Amazon Founder Jeff Bezos Has Reclaimed The Title Of Richest Person In The World After Unseating Tesla CEO Elon Musk.
Jeff Bezos Is Worth $200.3 Billion, Whereas Elon Musk’s Net Worth Is Currently Estimated To Be $197.7 Billion.
The CEO Of Tesla Reportedly Lost Almost $31 Billion Last Year, While The Founder Of Amazon Made $23 Billion. Following Tesla’s March 4 Share Price Shock Of 7.2 Percent, Musk Lost His Top Spot. Following The Delaware Court Decision That Invalidated The Tesla CEO’s $55 Billion Compensation Package On The Grounds That It Was Exorbitant, The CEO May Encounter Other Challenges.
The Difference In Wealth Between Two Billionaires, Which Was Once $142 Billion, Has Significantly Decreased Over Time. The “Magnificent Seven” Stocks That Dominate The US Stock Market Include Both Tesla And Amazon. Tesla’s Stock Price Has Fallen By Almost 50% From Its Peak In 2021, Whereas Amazon’s Shares Have More Than Doubled Since Late 2022.
Even Though Bezos Just Sold Shares For $8.5 Billion, He Still Holds The Largest Interest In The Company. In 2017, The CEO Of Amazon Became The First Person To Top The Bloomberg List Following The Resignation Of Microsoft Founder Bill Gates.
With A Net Worth Of $195 Billion, The CEO Of Tesla Overtook Bezos Earlier In January 2021 To Take The Top Spot On The Wealthiest People List.
With Respective Net Worths Of $115 Billion And $104 Billion, Reliance Industries Ltd (RIL) And Adani Group Founders Mukesh Ambani And Gautam Adani Have Placed 11th And 12th.
Source: By The Indian Express via Dailyhunt