Elon Musk loses title of world's richest person
(Baonghean.vn)- According to Bloomberg's Billionaires Index, a list of the 500 richest people in the world, Elon Musk has lost the title of the richest person in the world. Replacing this position is Amazon founder Jeff Bezos.
As of March 5, Bezos' net worth was $200 billion, while Musk's was $198 billion. According to Bloomberg's index, the Tesla CEO lost more than $31 billion over the past year, while Bezos's value increased by more than $23 billion.
MarketWatch said Musk’s loss of the top spot was the reason for Tesla’s stock’s decline. The electric carmaker’s shares fell more than 7% on March 4 after the company announced price cuts in the U.S. and China. Since the beginning of the year, Tesla shares have fallen about 24%.
Bezos has topped Bloomberg's Billionaires Index for the first time since late 2021. He owns about 9% of Amazon, the world's largest online retailer, as well as the entire space exploration company Blue Origin and other businesses.
The world’s third-richest person, according to Bloomberg, is French luxury goods magnate Bernard Arnault, CEO of LVMH (Louis Vuitton Moët Hennessy). Bezos, Musk, and Arnault have been jostling for the top spot for years. The trio are the only individuals ever to have a net worth exceeding $200 billion, according to Bloomberg.