Jeff Bezos Reclaims World’s Richest Man Title, Surpassing Elon Musk

Amazon founder Jeff Bezos has reclaimed the title of the world’s richest person, surpassing Elon Musk, according to the Bloomberg Billionaires Index.

As of Monday, March 4th, Bezos’ net worth reached $200 billion, while Musk’s stood at $198 billion.

This shift in rankings can be attributed to the decline in Tesla’s share price, which has dropped by 25% in recent months.

Additionally, a court approved the cancellation of Musk’s $55.8 billion Tesla compensation agreement in January.

Meanwhile, Bezos, who is no longer actively involved in Amazon’s management, has benefited from the company’s rising stock prices. Despite selling $8.5 billion in stocks recently, he remains the largest shareholder.

Bernard Arnault, the CEO of luxury group LVMH, holds the third position in the world’s richest people rankings with a net worth of $197 billion.

As the competition for the top spot in the world’s wealthiest individuals continues, the focus remains on the performance of their respective companies and the decisions they make in the coming months.