On Monday, Jeff Bezos, the founder of Amazon, overthrew Elon Musk to reclaim the title of richest man in the world according to the Bloomberg Billionaires Index.
The tracker estimates that Bezos is worth $200 billion, more than the CEO of Tesla’s $198 billion.
Musk, who also serves as the CEO of SpaceX and X (previously Twitter), has seen a decrease in wealth of over $30 billion due to a 25% decline in the price of Tesla’s shares in recent months.
Musk’s problems got worse when a judge in January decided to void his massive $55.8 billion Tesla pay deal, which was first signed in 2018.
Bezos, who is no longer in charge of Amazon, has profited from the company’s soaring stock price in the interim.
Even after selling off $8.5 billion in equities recently, he still holds the greatest stake in the business.
With a net worth of $197 billion, Frenchman Bernard Arnault, the CEO of LVMH, the luxury conglomerate, is still ranked third among the world’s richest persons.
