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Jeff Bezos Surpasses Elon Musk to Become World's Richest Person

Bezos' net worth reaches $200 billion as Amazon shares soar, while Musk's wealth declines due to Tesla stock tumble.

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Elon Musk saw his fortune dip to US197.7 billion dollars, and lose the title of world’s richest person. Photo: AP
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Overview

  • Jeff Bezos has reclaimed the title of the world's richest person, surpassing Elon Musk with a net worth of $200 billion.
  • Elon Musk's net worth declined to $198 billion after Tesla's stock fell by more than 7%, marking his first time out of the top spot in over nine months.
  • The shift in wealth rankings is attributed to contrasting stock performances of Amazon and Tesla, with Amazon shares more than doubling since late 2022.
  • Musk's wealth could face further challenges after a Delaware judge struck down his $55 billion pay package at Tesla, deeming it excessive.
  • Bernard Arnault remains a significant contender in the wealth race, with a net worth of $197.5 billion.