Bezos overtakes Musk: he is again the richest man in the world

Jeff Bezos, the founder of Amazon, is once again the richest person in the world, overtaking Elon Musk and jumping to the top of the Bloomberg Billionaires Index for the first time since autumn 2021. According to Bloomberg, Bezos' net worth amounts to $200 billion. Musk's personal wealth is $198 billion while that of Lvmh patron Bernard Arnault stands at $197 billion (read the full chart here). Musk, Arnault and Bezos have alternated in recent years at the top of the ranking, which measures personal wealth according to changes in markets and the economy.

Elon Musk is no longer the richest person in the world, then. Musk lost his position at the top of the Bloomberg Billionaires Index to Jeff Bezos after Tesla's shares plummeted 7.2 per cent as deliveries from Shanghai plummeted. Musk now has a net worth of $197.7 billion. Bezos' fortune, on the other hand, amounts to $200.3 billion.

Bezos, 60, founder of Amazon, has not been at the top of Bloomberg's ranking of the richest people since 2021.

The wealth gap between Musk and Bezos, which at one point rose to $142 billion in Musk's favour, has narrowed as Amazon and Tesla shares have moved in opposite directions. Amazon's shares have more than doubled since the end of 2022 and are very close to their record high. Tesla, on the other hand, is down about 50 per cent from its record high in 2021.

Musk's wealth could take a further hit after a Delaware judge voided his $55 billion salary package approved by the board of Tesla, of which he is CEO. The decision sided with an investor who had challenged Musk's compensation plan, which had been the largest in US corporate history.