Business Desk

Jeff Bezos reclaims title of world's richest, ousting Elon Musk from top spot

Jeff Bezos has reclaimed the title of the world's wealthiest person, surpassing Elon Musk, with a net worth of $200.3 billion.

Source: Pexels

Amazon's soaring stock, doubling since late 2022, contrasts with Tesla's 50% decline from its peak, contributing to Bezos's wealth surge.

Source: Pexels

Tesla's 7.2% stock drop was attributed to weak Shanghai factory data, while Amazon's robust online sales boosted Bezos's fortune.

Source: Pexels

A Delaware judge invalidated Musk's $55 billion pay package at Tesla, impacting his wealth calculation despite significant stakes in Tesla and SpaceX.

Source: Instagram

Bezos's primary wealth source is his 9% stake in Amazon, even after selling $8.5 billion in shares last month, securing his top spot among billionaires.

Source: X