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Amazon executive chairman Jeff Bezos

Amazon founder and government chairman Jeff Bezos is the richest individual on the earth — once more.
Picture: Pool (Reuters)

Jeff Bezos has retaken the highest spot in the never-ending battle for the title of world’s richest person. The Amazon founder and government chairman, who has been selling billions of dollars worth of Amazon stock in current weeks, returned to No. 1 on the Bloomberg Billionaires Index on Monday.

He’s price $200 billion, in accordance with Bloomberg, up a cool $23.4 billion to date in 2024. Elon Musk dropped right down to No. 2 with a web price of $198 billion. The Tesla CEO has misplaced $31.3 billion this yr as Tesla stock has plummeted greater than 24% to start out 2024. It’s Bezos’ first time atop the Bloomberg list since the fall of 2021, in accordance with The Wall Avenue Journal.

Bezos, Musk, and Bernard Arnault, chairman of the posh conglomerate LVMH, have lengthy taken turns buying and selling the title of world’s richest. And in accordance with one other rating, Arnault nonetheless sits on high of the world. Forbes, which calculates estimated web worths in another way than Bloomberg, still had Arnault and his family at No. 1 on its Real Time Billionaires List as of Monday, with $228.8 billion. Forbes ranks Musk second at $202.3 billion and Bezos third with $198.5 billion.

Musk’s net worth, which is tied to Tesla’s inventory, has taken an enormous hit in current weeks. The EV maker’s inventory has plummeted in simply the primary two months of the yr, at one level making it the worst performing company on the S&P 500. And Musk’s wealth took one other blow early this yr when a decide voided his historic $56 billion executive compensation package, declaring it unfair to shareholders.

Bezos, in the meantime, offered a complete of fifty million Amazon shares price about $8.4 billion over the course of simply 9 buying and selling days final month. These gross sales had been the primary time Bezos offered Amazon inventory since 2021. He could end up saving almost $600 million in taxes on his Amazon inventory gross sales due to his current transfer to Florida — a state with no capital good points tax.

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