WASHINGTON (AFP) – 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 USD200 billion, according to the tracker, surpassing the Tesla chief’s USD198 billion.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than USD30 billion as Tesla’s share price has dropped 25 per cent in recent months.
Adding to Musk’s woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth USD55.8 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 USD8.5 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 USD197 billion.