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In accordance with the Bloomberg Billionaires Index, Bezos will acquire $23 billion in 2024, whereas Musk will lose $31 billion.
Jeff Bezos has regained the title of the world's richest man by defeating Elon Musk.
The Amazon founder's web value at the moment stands at $200 billion, greater than the Tesla chief's $198 billion, the Bloomberg Billionaires Index confirmed on Tuesday.
In accordance with the index, Bezos has made a revenue of $23 billion thus far in 2024, whereas Musk has suffered a lack of about $31 billion.
The billionaires' wealth good points and losses intently tracked the inventory market fortunes of Amazon and Tesla, which depend their founders as their largest shareholders.
Amazon's share worth has elevated greater than 18 % this 12 months, whereas Tesla's shares have fallen 24 %.
Regardless of promoting $8.5 billion value of Amazon shares earlier this month, Bezos stays the biggest shareholder within the e-commerce large with a 9.56 % stake.
Musk's fairness stake in Tesla is about 20 %.
In January, a decide in the US voided a Tesla pay bundle value as much as $55.8 billion for Musk, discovering that the method for approving his remuneration was deeply flawed.
Musk, who additionally runs
Bezos, Musk and Arnault have jockeyed lately for the highest spot within the rating, which is predicated on inventory market fluctuations and different financial knowledge.