Elon Musk, Jeff Bezos

Amazon founder Jeff Bezos has overtaken Tesla and SpaceX CEO, Elon Musk, as the richest person in the world, as per the Bloomberg Billionaires Index.

As per the latest figures, the Amazon founder’s net worth is $200 bn, while Musk’s net worth is at $198 bn.

Bernard Arnault is ranked third with a net worth of $197 bn.

Elon Musk’s net worth is down $31.3 bn in the last year while Bezos net worth is up $23.4 bn.

Bezos owns about 9% of Amazon, the world’s largest online retailer, according to a February 2024 filing, as per the Bloomberg Billionaires Index.

He also owns space exploration company Blue Origin, which is included at Bloomberg’s calculation of investment cost.

Determining a valuation for Blue Origin is difficult because of its unique strategy and the fact that Bezos is the sole shareholder with no apparent intent to sell, according to a CEO of a venture fund.

Amazon, the Seattle-based company, sells electronics, household goods and other products through its flagship website. It also controls the Whole Foods grocery chain and offers cloud computing and streaming services. Amazon had revenue of $574.8 bn in 2023, as per Bloomberg Billionaires Index.

(Source: IANS)

- Edited for style

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