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Elon Musk loses world’s richest person title to Jeff Bezos

Economic Times

Economic Times · 1y ago

Elon Musk loses world’s richest person title to Jeff Bezos

Elon Musk has lost his position as the world's richest person to Jeff Bezos after Tesla shares tumbled on Monday. Musk's net worth is now $197.7 billion, while Bezos holds a fortune of $200.3 billion. This change marks the first time Bezos has topped Bloomberg's ranking since 2021. The gap between Musk and Bezos has been narrowing as Amazon shares soar while Tesla shares decline. Musk's wealth may further decline after a Delaware judge invalidated his $55 billion pay package at Tesla. Bezos first became the world's richest person in 2017 but had been competing with Musk for the top spot last year.

Related News

Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?

Economic Times

Economic Times · 2m ago

Jeff Bezos suffers big jolt, loses world's second richest man title after 8 years. Who overtook him?

Larry Ellison of Oracle has overtaken Jeff Bezos to become the second richest person in the world. Ellison's net worth soared by $26 billion to $243 billion after Oracle reported stronger-than-expected earnings, surpassing Bezos and Mark Zuckerberg. Bezos first became the second richest in 2017 but lost the title to Zuckerberg in 2024. Currently, Elon Musk maintains the top position with a net worth of $407 billion.

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Business Insider

Business Insider · 1y ago

Jeff Bezos just sold off $2 billion in Amazon shares in what could be a strategy to make him the richest man in the world — again

Jeff Bezos has sold 12 million shares of Amazon stock, worth $2 billion, in a move that could potentially make him the world's richest man again. This is part of a plan announced by Amazon earlier this year for Bezos to sell off 50 million shares. The surge in Amazon's stock this year has increased Bezos' estimated wealth by $22.6 billion. The sale also narrows the gap between Bezos and Elon Musk's net worth, making it possible for Bezos to overtake Musk and reclaim the title of the world's richest person.

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Business Insider

Business Insider · 1y ago

Jeff Bezos is once again the world's richest person thanks to the Big Tech rally

Amazon founder Jeff Bezos has reclaimed the title of the world's wealthiest person, with a net worth of $200 billion. This comes as a result of the sustained rally in Big Tech shares, driven by the artificial intelligence boom. Bezos, who owns about 9% of Amazon, saw his net worth rise as the company's stock climbed. He surpassed Tesla CEO Elon Musk, who had been the richest person for the past nine months. Musk and Bernard Arnault, chairman of LVMH, now hold the second and third positions on the Bloomberg Billionaires Index.

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Livemint

Livemint · 9m ago

Elon Musk alleges Jeff Bezos told people to sell Tesla, SpaceX stocks; Bezos denies in rare X post, says ‘100% not true’

Elon Musk accused Jeff Bezos of advising people to sell their Tesla and SpaceX stock, claiming that Donald Trump would lose the US presidential election. Bezos swiftly denied the allegations, calling them "100% not true." Musk is a vocal Trump supporter and has spent over $130 million supporting his re-election campaign. This exchange highlights the tensions between two of the world's richest individuals and the interplay between politics and business in the tech world. Musk recently became the richest person in history with a net worth of $334.3 billion.

Bernard Arnault surpasses Elon Musk as richest person in the world

Livemint

Livemint · 1y ago

Bernard Arnault surpasses Elon Musk as richest person in the world

Bernard Arnault, the chairman and CEO of LVMH, has become the world's richest person, surpassing Elon Musk. Arnault's net worth reached $207.8 billion, while Musk's stood at $204.5 billion. LVMH's market cap of $388.8 billion exceeded Tesla's $586.14 billion. The top 10 richest individuals according to Forbes include Jeff Bezos, Mark Zuckerberg, and Bill Gates. LVMH recently saw a 10% rise in Q4 sales, driven by strong demand from Chinese consumers. Meanwhile, Tesla's shares dropped over 12% following Elon Musk's warning of slowed sales growth.

Sam Altman says he could do with more collaboration and less of Elon Musk tweeting a silver medal at Jeff Bezos to flex his wealth

Business Insider

Business Insider · 1y ago

Sam Altman says he could do with more collaboration and less of Elon Musk tweeting a silver medal at Jeff Bezos to flex his wealth

Sam Altman expressed his hope for less taunting and more collaboration among AI leaders, specifically referencing Elon Musk's public mocking of Jeff Bezos after surpassing him as the world's richest person. Altman, co-founder of OpenAI with Musk, highlighted Musk's tendency to not be known for collaboration, citing his tweet of a silver medal aimed at Bezos. Altman's remarks come in the context of the need for collaboration to achieve artificial general intelligence (AGI). However, tensions have been present between Altman and Musk, with Musk filing a lawsuit against OpenAI and Altman in 2020. Neither OpenAI nor Musk have commented on the matter.

Elon Musk's wealth plunges by $40 billion in 2024 as Tesla shares crash 30% YTD

Livemint

Livemint · 1y ago

Elon Musk's wealth plunges by $40 billion in 2024 as Tesla shares crash 30% YTD

Tesla CEO Elon Musk has lost his position as the world's richest person as his net worth has decreased by nearly $40 billion so far this year. He has been overtaken by Amazon founder Jeff Bezos, who is now the second richest person in the world. Musk's wealth has declined due to Tesla's falling share price, disappointing sales in China, a production halt in Germany due to sabotage, and a court order striking down his pay package at Tesla. Meanwhile, Musk's social network, X, plans to launch a TV app for smart televisions, focusing on long-form videos.

Elon Musk surpasses Bernard Arnault, Jeff Bezos to top Forbes Billionaires list

Livemint

Livemint · 1y ago

Elon Musk surpasses Bernard Arnault, Jeff Bezos to top Forbes Billionaires list

According to the Forbes Real Time Billionaires list, Elon Musk has become the richest person in the world, surpassing Bernard Arnault and Jeff Bezos. Musk's net worth now stands at $210.7 billion, followed by Arnault with $201 billion and Bezos with $197.4 billion. This increase in Musk's wealth is attributed to his acquisition of the social media platform X for $44 billion. The Forbes Real Time Billionaires list, which is regularly updated, also includes Mark Zuckerberg, Larry Ellison, Larry Page, Sergey Brin, Warren Buffett, Bill Gates, and Steve Ballmer.

Temu founder Colin Huang loses China's richest person title in 18 days

Inshorts · 1y ago

Temu founder Colin Huang loses China's richest person title in 18 days

Colin Huang, founder of e-commerce major Temu's parent company PDD Holdings, lost the title of China's richest person within 18 days. Huang's net worth saw the biggest one-day loss after tumbling $14.1 billion following a slump in shares of PDD Holdings on Monday. Huang is now China's fourth-richest person with a net worth of $35.2 billion, according to Bloomberg.

Hurun Global Rich List 2025: Tech rules with Musk, Bezos, Zuckerberg leading wealth rankings

Economic Times

Economic Times · 5m ago

Hurun Global Rich List 2025: Tech rules with Musk, Bezos, Zuckerberg leading wealth rankings

The Hurun Global Rich List 2025 highlights the prominence of tech entrepreneurs among the world's wealthiest individuals, with Elon Musk, Jeff Bezos, and Mark Zuckerberg occupying the top three positions. Musk remains the richest, with a net worth of $420 billion, while Bezos and Zuckerberg follow with $266 billion and $242 billion, respectively. The list reflects the tech industry's growing influence, particularly in artificial intelligence (AI). Additionally, new billionaires emerged, and global billionaire numbers increased by 5%.

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