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Bezos dethrones Musk to reclaim title of world’s richest man

The pledge by Jeff Bezos matches similar commitments by some of the world's richest people, including Bill and Melinda Gates, Elon Musk, and others
The pledge by Jeff Bezos matches similar commitments by some of the world's richest people, including Bill and Melinda Gates, Elon Musk, and others - Copyright AFP/File Ishara S. KODIKARA
The pledge by Jeff Bezos matches similar commitments by some of the world's richest people, including Bill and Melinda Gates, Elon Musk, and others - Copyright AFP/File Ishara S. KODIKARA

Amazon founder Jeff Bezos took back his spot as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Bezos’ net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief’s $198 billion.

Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla’s share price has dropped 25 percent in recent months.

Jeff Bezos' net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk's $198 billion

Jeff Bezos’ net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk’s $198 billion – Copyright AFP Ishara S. KODIKARA

Adding to Musk’s woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.

Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant’s rising stock price.

Even after recently selling off $8.5 billion in stocks he remains the company’s largest shareholder.

The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world’s richest people, worth $197 billion.

AFP
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With 2,400 staff representing 100 different nationalities, AFP covers the world as a leading global news agency. AFP provides fast, comprehensive and verified coverage of the issues affecting our daily lives.

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