Amazon's Jeff Bezos beats Musk, reclaims title of world's richest man | ABS-CBN
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Amazon's Jeff Bezos beats Musk, reclaims title of world's richest man
Amazon's Jeff Bezos beats Musk, reclaims title of world's richest man
Agence France-Presse
Published Mar 05, 2024 11:55 AM PHT
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Updated Mar 05, 2024 12:08 PM PHT
Founder and CEO of Amazon Jeff Bezos participates in the unveiling of an Amazon environmental initiative entitled 'The Climate Pledge', in Washington, DC, USA, 19 September 2019. Amazon's new environmental initiative aims to meet the goals of the Paris environmental agreement ten years early, or in 2040. Amazon has acquired one hundred thousand new electric delivery vehicles as part of that aim. EPA-EFE/MICHAEL REYNOLDS
Founder and CEO of Amazon Jeff Bezos participates in the unveiling of an Amazon environmental initiative entitled 'The Climate Pledge', in Washington, DC, USA, 19 September 2019. Amazon's new environmental initiative aims to meet the goals of the Paris environmental agreement ten years early, or in 2040. Amazon has acquired one hundred thousand new electric delivery vehicles as part of that aim. EPA-EFE/MICHAEL REYNOLDS WASHINGTON, United States - Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.
WASHINGTON, United States - Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.
Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion.
Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months.
Adding to Musk's woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.
Adding to Musk's woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.
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Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.
Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.
Even after recently selling off $8.5 billion in stocks he remains the company's largest shareholder.
Even after recently selling off $8.5 billion in stocks he remains the company's largest shareholder.
The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world's richest people, worth $197 billion.
The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world's richest people, worth $197 billion.
© Agence France-Presse
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