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The battle for the title of world’s richest person continues — and Amazon government chairman Jeff Bezos might retake the highest spot very quickly.
Bezos sold more than $2 billion worth of Amazon stock — virtually 12 million shares — on Feb. 7 and Feb. 8, based on a filing with the US Securities and Exchange Commission. One other submitting with the regulator signifies that he intends to promote extra.
Bezos proposed the sale of 50 million Amazon shares round Feb. 7, value an estimated $8.4 billion.
The inventory gross sales may propel Bezos’ web value, permitting him to reclaim his spot because the world’s wealthiest individual from Tesla CEO Elon Musk.
The present standings
Bezos presently sits on the No. 2 spot on Bloomberg’s Billionaires Index, with an estimated web value of $200 billion. He’s simply $9 billion behind Musk, who presently sits atop the rankings with $209 billion.
Musk’s net worth, which is tied to Tesla’s inventory, has taken a success in latest weeks. The EV maker’s inventory has dropped 24% in simply the primary two months of the 12 months, making it the worst performing company on the S&P 500.
Musk’s wealth took one other blow early this 12 months when a choose voided his historic $56 billion executive compensation package, declaring it unfair to shareholders.
These developments have already had some ramifications for Musk’s declare because the world’s wealthiest. On Forbes’ real-time billionaire tracker, Musk first lost his No. 1 spot this 12 months to the chairman of luxurious conglomerate LVMH, Bernard Arnault, in late January. The 2 have since been trading the the top position on Forbes’ list.
Forbes, which calculates estimated web value’s otherwise than Bloomberg, has Arnault and household at No. 1, with a web value of $220 billion.
Musk is No. 2 on the Forbes listing with an estimated web value of $201.6 billion. And Bezos is No. 3 at $195.9 billion.
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