Jeff Bezos Overtakes Elon Musk To Become World's Richest Person After Tesla Shares Crash

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).

Jeff Bezos Overtakes Elon Musk To Become World's Richest Person

Jeff Bezos Overtakes Elon Musk As World¡¯s Richest Person/indiatimes

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.

tesla shares/webscreengrab

Also Read: Why Apple CEO Tim Cook Once Rejected Elon Musk's Offer To Buy Tesla

Why Tesla Shares Crashed 7% In A Single Day?

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.

elon musk tesla ceo/getty

List Of World's 10 Richest People

As per the Bloomberg Billionaires Index, these are currently the world's 10 richest people:

world's richest people/bloomberg

1. Jeff Bezos-$200 Billion

2. Elon Musk-$198 Billion

3. Bernard Arnault-$197 Billion

4. Mark Zuckerberg-$179 Billion

5. Bill Gates-$150 Billion

6. Steve Ballmer-$143 Billion

7. Warren Buffett-$133 Billion

8. Larry Ellison-$129 Billion

9. Larry Page-$122 Billion

10. Sergey Brin-$116 Billion

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