This was due to the increase in shares of Amazon and other technology companies. Bezos’ fortune is currently estimated at $200 billion, $2 billion more than Musk’s. Bezos was last a leader in 2021.
Amazon’s 17% rise this year has been the catalyst for Bezos’ return to the top. Since Bezos owns 9% of Amazon, his personal wealth is directly tied to the company’s stock price.
Elon Musk, who has dominated the richest list for the last 9 months, is currently in second place. The 24% decline in Tesla’s share price in 2024 has pushed it back.
Bernard Arnault, president of LVMH Moet Hennessy Louis Vuitton, is in the top three with a net worth of $197 billion.
Bezos’ sale of Amazon shares may also have played a role in his return to the top. It has already sold 12 million shares worth $2 billion this year and plans to sell another 50 million shares by the end of the year.
Source: Ferra
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