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 $200 billion, according to the tracker, surpassing the Tesla chief’s $198 billion.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla’s share price has dropped 25 percent in recent months.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla’s share price has dropped 25 percent in recent months.
Adding to Musk’s woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 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 $8.5 billion in stocks he remains the company’s largest shareholder.
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