2024-05-03 02:25:00
Amazon founder Jeff Bezos, who has an estimated net worth of $199.6 billion, is once more the second-richest person in the world as of Thursday, surpassing Tesla CEO Elon Musk, whose estimated net worth is $197.4 billion. It is also the second change of the week for the billionaires in battle.
Bezos overtook Musk following losing his position as America’s richest person on Monday, following a surge in Tesla shares that put Musk ahead of Bezos and made him regarding $25 billion richer than he was just six days earlier.
Bezos’ estimated net worth increased by regarding $2.5 billion as of midday Thursday, while Musk’s fortune had fallen by regarding $276 million, according to Forbes real-time billionaires list.
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The richest person in the world remains LVMH’s Bernard Arnault, whose fortune was estimated at $206.9 billion as of this morning.
Amazon shares were up 1.84% by midday. Tesla’s share price, on the other hand, rose regarding 0.08%.
The two billionaires have gone back and forth for the position of second-richest person in the world for months, changing positions at least 13 times in March. But prior to March, Musk had consistently ranked first or second on the list: March 6 was the first time since August 19, 2021, that he ranked outside the top two in the real-time rankings of Forbes.
Bezos enjoyed a boom in wealth earlier this year, and Musk’s fortunes are changing as Tesla (which just announced hundreds of cuts to its workforce this week) has struggled, causing the continued swings.
This article was originally published in Forbes US
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