Jeff Bezos overtakes Elon Musk as world's richest person
Business
Tesla Inc.'s stock sank again on Monday, costing Elon Musk his title as world's richest person.
Amazon founder Jeff Bezos replaced the Tesla chief executive atop Bloomberg's Billionaires Index on 4 February for the first time since late 2021.
According to Bloomberg's index, Bezos's total net worth as of Monday was $200 billion, topping Musk's $198 billion and Arnault's $197 billion. Musk's fortune has declined by $31 billion year to date, according to Bloomberg, while Bezos's has risen by $23.4 billion.
Bezos reclaimed the top spot despite selling about 50 million Amazon shares, worth roughly $8 billion, last month. He still holds about a 9% stake in the tech giant. Amazon shares (AMZN) are up about 17% year to date.
Tesla shares slid more than 7% on Monday after the EV maker introduced new price cuts and discounts in the U.S. and China.
Waiting in the wings is France's Arnault, whose wealth has grown by $18 billion this year, according to Bloomberg.
According to Bloomberg's index, Bezos's total net worth as of Monday was $200 billion, topping Musk's $198 billion and Arnault's $197 billion. Musk's fortune has declined by $31 billion year to date, according to Bloomberg, while Bezos's has risen by $23.4 billion.
Bezos reclaimed the top spot despite selling about 50 million Amazon shares, worth roughly $8 billion, last month. He still holds about a 9% stake in the tech giant. Amazon shares (AMZN) are up about 17% year to date.
Tesla shares slid more than 7% on Monday after the EV maker introduced new price cuts and discounts in the U.S. and China.
Waiting in the wings is France's Arnault, whose wealth has grown by $18 billion this year, according to Bloomberg.
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