Elon Musk is no longer the world¡¯s richest person. Amazon founder Jeff Bezos has overtaken Elon Musk as the world¡¯s richest person, with his net worth hitting the $200 billion mark. But the reason behind Musk losing the title is the crash in Tesla shares on Monday (4th March 2024).
As per the Bloomberg Billionaires Index, Jeff Bezos currently has a net worth of $200 billion, whereas Elon Musk¡¯s net worth is $198 billion. Elon Musk lost $17.6 billion net worth in a single day on Monday after Tesla shares tumbled 7.2% .
60-year-old Bezos' Amazon has seen its shares surge 18% this year till date and nearly 90% in last one year. On the other hand, Tesla shares have fallen 24% this year till date.
Also Read:?Why Apple CEO Tim Cook Once Rejected Elon?Musk's?Offer To Buy Tesla
Tesla shares crashed more than 7% on Monday after preliminary data showed?shipments?from its factory in Shanghai slumped to the lowest in more than a year. Also, Tesla CEO Elon?Musk¡¯s wealth may take a further hit after a Delaware judge struck down his $55 billion pay package at Tesla. As per Bloomberg report, the decision turned out to be on the side of an investor who had previously challenged Elon Musk¡¯s compensation at Tesla.
1. Jeff Bezos-$200 Billion?
2. Elon Musk-$198 Billion
3. Bernard Arnault-$197Billion
4. Mark Zuckerberg-$179Billion
5. Bill Gates-$150Billion
6. Steve Ballmer-$143Billion
7. Warren Buffett-$133Billion
8. Larry Ellison-$129Billion
9. Larry Page-$122Billion
10. Sergey Brin-$116Billion
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