Jeff Bezos just passed Elon Musk as the world's richest person with a fortune of $200 billion (2024)

For the first time in more than nine months, Elon Musk is no longer the world’s richest person.

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla Inc. tumbled 7.2% on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.

It’s the first time that Bezos, 60, the founder of Amazon.com Inc., has topped Bloomberg’s ranking of the richest people since 2021.

The wealth gap between Musk, 52, and Bezos, which at one point was as wide as $142 billion, has been shrinking as Amazon and Tesla shares move in opposite directions. While both are among the so-called Magnificent Seven stocks that have propelled US equity markets, Amazon shares have more than doubled since late 2022 and are within striking distance of a record high. Tesla is down about 50% from its 2021 peak.

Read more:Jeff Bezos’s investment in Google challenger Perplexity AI has nearly doubled in a few months as startup nears $1 billion unicorn status

Tesla shares fell on Monday after preliminary data showedshipmentsfrom its factory in Shanghai slumped to the lowest in more than a year. Amazon, meanwhile, is coming off itsbest online sales growthsince early in the pandemic.

Pay Package

Musk’s wealth could take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla, where he’s chief executive. The decision took the side of an investor who’d challenged Musk’s compensation plan, which had been the largest in history.

Options that were included in the voided plan are one of Musk’s largest assets, alongside his stakes in Tesla and SpaceX. The Bloomberg index continues to include them in its calculations of his wealth.

The vast majority of Bezos’s fortune comes from his 9% stake in Amazon. He’s the online retailer’s largest shareholder, even after unloading 50 million shares worth about $8.5 billion last month.

For Bezos, being atop the wealth rankings is a familiar perch. He first overtook Microsoft Inc. co-founder Bill Gates as the world’s richest person in 2017.

But a massive rally in Tesla shares left Bezos jockeying with Musk for much of 2021 for the top spot. Late that year he fell way behind, and didn’t regain the No. 1 position until now.

Bernard Arnault, 74, the chairman of LVMH Moet Hennessy Louis Vuitton, the world’s largest luxury-goods maker, also ranks among the world’s wealthiest with a net worth of $197.5 billion.

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Jeff Bezos just passed Elon Musk as the world's richest person with a fortune of $200 billion (2024)

FAQs

Jeff Bezos just passed Elon Musk as the world's richest person with a fortune of $200 billion? ›

Though Bezos no longer runs Amazon, the company's increasing stock price was enough to balloon his net worth to $200 billion according to Bloomberg. This increase helped squeeze Bezos past Musk whose net worth was reported to be $198 billion.

Who is richer than Elon Musk and Jeff Bezos? ›

Forbes estimates Bezos to be worth about $194.1 billion as of 2 p.m. EDT on Tuesday, and we estimate Musk to be worth about $193 billion. The wealthiest person in the world, per Forbes' list, is still LVMH's Bernard Arnault, who was worth an estimated $235.3 billion as of Tuesday afternoon.

Who is currently the world's richest person? ›

Bernard Arnault

Who is the richest man on Earth in 2024? ›

Top 10 richest people in the world as of May 1, 2024
  • Bernard Arnault, CEO of LVMH, the world's leading luxury goods company, continues to dominate as the world's wealthiest individual as of May 1, 2024. ...
  • Bernard Arnault. ...
  • Elon Musk. ...
  • Jeff Bezos. ...
  • Mark Zuckerberg. ...
  • Larry Ellison. ...
  • Larry Page. ...
  • Warren Buffett.
5 days ago

Who is the richest girl in the world? ›

Françoise Bettencourt Meyers

With an eye-watering net worth of $99 billion, Francoise Bettencourt Meyers, a French businesswoman and philanthropist, is the richest woman in the world.

Who is the richest person in history? ›

Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived. So, why is it that he has largely disappeared from the western historical imagination?

Who are the six trillionaires? ›

These are the only 6 trillionaires who lived on earth from history who reached the pinnacle of wealth.
  • Genghis Khan. 1206–1227. King of Mongol Empire. ...
  • Zhao Xu. 1048–1085. ...
  • Akbar, The Great. 1542–1605. ...
  • Amenhotep III. 1388–1351 BC. ...
  • Augustus Caesar. 63 BC-14 AD. ...
  • King Solomon. 970–931 BCE. ...
  • Mansa Mousa. 1280–1337.
Jun 30, 2021

Who is the youngest billionaire? ›

A 19-year-old Brazilian student, Livia Voigt, claims the title of the world's youngest billionaire, surpassing Italian teen Clemente Del Vecchio. Voigt, heiress to a major electrical motors manufacturer, holds a net worth of $1.1 billion.

Who is the richest woman in the world in 2024? ›

Francoise Bettencourt Meyers, 70, has been deemed the richest woman in the entire world with a net work of $99.5 billion in 2024, according to Forbes. She owes it to the widely known cosmetic care company called L'Oreal, which was founded by her grandfather.

Is Mark Zuckerberg richer than Elon Musk? ›

Mark Zuckerberg's fortune plunged $18 billion as shares of Meta Platforms Inc. tumbled, allowing Tesla Inc.'s Elon Musk to cement his status as the world's third-richest billionaire.

Which country has the most billionaires? ›

China has 814 billionaires, the most in the world, according to the Hurun Global Rich List 2024. Despite holding on to the top spot, China lost 155 billionaires year-over-year, while the U.S. gained 109.

Who is the richest family in the world? ›

With an estimated wealth of $305 billion, the Royal family of Abu Dhabi- Al Nahyan family— is known as the richest family in the world. The head of the Al Nahyan family, Sheikh Mohammed bin Zayed Al Nahyan, is the ruler and President of the United Arab Emirates (UAE).

How much is Taylor Swift worth? ›

She also owns numerous pricey properties across the U.S. Both Bloomberg and Forbes pin her net worth at an estimated $1.1 billion on the low end, based on analyses of her fortune. Swift first achieved billionaire status in October when she released a re-recording of her nine-year-old album "1989," Bloomberg reported.

What is the richest country in the world? ›

According to the 2023 Global Wealth Report by Credit Suisse, Switzerland once again came out on top when it comes to the mean average wealth per adult at a whopping $685,230.

What does Bernard Arnault own? ›

What brands does Arnault own?
Fashion and leatherJewelry and watchesWine and spirits
Louis VuittonTiffany & Co.Belvedere
Christian DiorChaumetDom Pérignon
Marc JacobsBulgariHennessy
FendiTAG HeuerChâteau Cheval Blanc
1 more row
Apr 2, 2024

How rich is Taylor Swift? ›

According to Forbes, there are more billionaires than ever before (141 more than last year and 26 more than the 2021 record), with their collective worth reaching $14.2 trillion. Swift's inclusion comes after Forbes declared the singer a billionaire in October 2023 and reported her net worth at $1.1 billion.

What is the net worth of the top 1%? ›

In the U.S., it may take you $5.81 million to be in the top 1%, but it takes a minimum net worth of $30 million to be considered among the ultra-high net worth crowd. As of the end of 2023, this ultra-high net worth population is on the rise, reaching 626,000 globally, up from just over 600,000 a year earlier.

How many billionaires are there? ›

There are now more billionaires than ever: 2,781 in all, 141 more than last year and 26 more than the record set in 2021. They're richer than ever, worth $14.2 trillion in aggregate, up by $2 trillion from 2023 and $1.1 trillion above the previous record, also set in 2021.

How rich is Andrew Tate? ›

$710 Million

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