In a continuing battle for the world’s second-richest person title, Amazon founder Jeff Bezos regained the spot last week, on Wednesday, according to the latest rankings by the Bloomberg Billionaires Index. This comes just one day after Tesla CEO Elon Musk briefly held the position.
Billionaires battle! Top 2 keep swapping
Jeff Bezos’s current net worth sits at $201.5 billion, trailing behind LVMH chief executive Bernard Arnault, who remains the world’s richest person with a net worth of $205.9 billion. A slight increase in Amazon’s share price contributed to a $511 million rise in Bezos’s net worth, allowing him to surpass Elon Musk once again.
Meanwhile, Tesla shares experienced a 3% drop, pushing Musk down to third place with a net worth of $198.4 billion. This ongoing competition for the second spot has seen Bezos and Musk trade positions a remarkable 13 times in March alone, highlighting the volatility of the stock market and its impact on wealth rankings.
Also read: Elon Musk Loses ‘World’s Richest Person’ Title To Bernard Arnault As Tesla Struggles
The close race between Bezos and Musk reflects the continued dominance of the technology sector in the global economy. Both Amazon and Tesla are industry leaders, and their stock prices are closely tied to investor confidence in their growth potential.
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