Written by Reem Abdel Hamid
Tuesday, March 5, 2024 11:12 AM
is back Jeff Bezosfounder of the e-commerce site Amazon, has risen to his place as the richest man in the world according to the Bloomberg World Billionaires Index, for the first time since 2021, surpassing Elon Musk, who dominated this title for a while.
Bezos’s net worth reached $200 billion, $2 billion more than Musk, who lost $31 billion in one year, and Mike’s decline comes after the shares of his electric car company Tesla lost 7%.
In third place after Bezos and Musk, French businessman Bernard Arnault came with a net worth of $197 billion, and in fourth place was Mark Zuckerberg with a net worth of $179 billion, and Bill Gates with a net worth of $150 billion.
Last month, Bezos sold 12 million shares of Amazon stock, earning him $2 billion, in line with the plan that the company announced at the seventh time to sell 50 million shares by the end of the year, with a total value of $8.5 billion.
While the exact motivation behind Bezos’ decision to sell shares is unknown, the massive sale narrowed the gap between his net worth and Elon Musk’s, qualifying Bezos to overtake the Tesla CEO in the rankings of the world’s richest people..
Also, before Amazon’s stock sale this week, Bezos’ net worth was only $5 billion less than Musk’s $200 billion, putting the title of No. 1 billionaire within reach..
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