Bezos surpasses Musk and becomes the richest in the world

The ranking of the richest in the world is moving and crowning a new king: Jeff Bezos is the wealthiest billionaire globally.
For the first time in more than nine months, Elon Musk is not the richest person in the world.
Musk lost his position atop the Bloomberg Billionaires Index to Bezos after Tesla shares tumbled 7.2% on Monday.
His net worth is now $197.7 billion, while Bezos' is $200.3 billion.
It is the first time since 2021 that the founder of Amazon.com has risen to the top of Bloomberg's ranking of the richest people.
Bezos is the richest in the world thanks to the fortunes of Amazon Behind the ranking of global billionaires lie deeper meanings on the value of large companies listed on the stock exchange and on the performance of the stock market in general.
According to the index, Bezos has earned $23 billion so far in 2024, while Musk has lost about $31 billion.
Billionaires' wealth gains and losses have closely tracked the stock market fortunes of Amazon and Tesla, which count their founders as their largest shareholders.
read also The richest in the world, the 2024 ranking of the 10 "Scrooges": Bernard Arnoult is in the lead Amazon's share price has grown by over 18% this year, while that of Tesla has fallen by 24% .
Despite selling $8.5 billion worth of Amazon shares earlier this month, Bezos remains the e-commerce giant's largest shareholder with a 9.56% stake.
Musk, on the other hand, has an equity stake in Tesla of around 20%.
It should be considered that although both are among the so-called Magnificent Seven, i.e.
the stocks that have pushed the US stock markets the most, Amazon shares have more than doubled since the end of 2022 and are within reach of a record high.
Tesla is down about 50% from its 2021 peak.
read also Will this stock replace Tesla in the Magnificent Seven? Shares of the electric vehicle company fell on Monday after preliminary data showed shipments from its Shanghai factory fell to the lowest in more than a year.
Amazon, meanwhile, is reporting its best online sales growth since the pandemic began.
In the special ranking of the richest in the world, Bernard Arnault, 74 years old, president of LVMH Moet Hennessy Louis Vuitton, the world's largest producer of luxury goods, remains well anchored, with a net worth of 197.5 billion dollars which is worth third place.
read also Nvidia surpasses Amazon in capitalization.
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