Jeff Bezos is back on top of the Bloomberg Billionaires Index for the first time since 2021, overtaking Elon Musk as the richest person in the world with a net worth of $200.3 billion.
Bloomberg reported that Musk lost his top ranking on Monday after Tesla shares tumbled 7.2%, leaving the automaker’s CEO with a net worth of $197.7 billion. The stock fell after February vehicle shipments fell in China, the company’s largest market.
Bezos’ wealth has been on an upward trajectory thanks to the same trend for Amazon shares, which have more than doubled since late 2022. Tesla, meanwhile, is down about 50% from a 2021 peak.
Bezos, who left Seattle for Florida last fall, went on a stock-selling spree in February, dumping 50 million Amazon shares at a value of about $8.5 billion. It was the Amazon founder’s first sale of the tech giant’s stock since May 2021.
Bezos first took the top spot in Bloomberg’s richest-person rankings in 2017, when he overtook Microsoft co-founder Bill Gates.
