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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

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Founder and CEO of Amazon Jeff Bezos

Agence France-Presse

<div><span class="fr-img-caption fr-fic fr-dib" style="width:950px"><span class="fr-img-wrap"><img src="https://od2-image-api.abs-cbn.com/prod/editorImage/Jeff-Bezos-epa-03052024.jpg" style="width:950px" class="fr-fic fr-dib" alt="Founder and CEO of Amazon Jeff Bezos participates in the unveiling of an Amazon environmental initiative entitled &#x27;The Climate Pledge&#x27;, in Washington, DC, USA, 19 September 2019. Amazon&#x27;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"/><span class="fr-inner" style="text-align:left"><span dir="ltr" id="isPasted">Founder and CEO of Amazon Jeff Bezos participates in the unveiling of an Amazon environmental initiative entitled &#x27;The Climate Pledge&#x27;, in Washington, DC, USA, 19 September 2019. Amazon&#x27;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.<em> EPA-EFE/MICHAEL REYNOLDS</em></span><em> </em></span></span></span></div><div><br/></div><style type="text/css" id="isPasted">
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</style><p>WASHINGTON, United States - Amazon founder Jeff Bezos took back his spot as the world&#x27;s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.</p><p>Bezos&#x27; net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief&#x27;s $198 billion.</p><p>Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla&#x27;s share price has dropped 25 percent in recent months.</p><div><a href="https://news.abs-cbn.com/business/04/28/21/elon-musk-trolls-jeff-bezos-as-space-race-between-worlds-richest-men-heats-up" id="isPasted" rel="noopener noreferrer" target="_blank">Elon Musk trolls Jeff Bezos, as space race between world&#x27;s richest men heats up</a></div><div><a href="https://news.abs-cbn.com/business/01/08/21/elon-musk-leaves-behind-amazons-bezos-to-become-worlds-richest-person-bloomberg-news" id="isPasted" rel="noopener noreferrer" target="_blank">Elon Musk leaves behind Amazon&#x27;s Bezos to become world&#x27;s richest person: Bloomberg News</a></div><p>Adding to Musk&#x27;s woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.</p><div><a href="https://news2.abs-cbn.com/ancx/culture/spotlight/01/08/21/elon-musk-101-the-two-sides-of-the-worlds-most-richest-man" id="isPasted" rel="noopener noreferrer" target="_blank">Elon Musk 101: The two sides of the world’s richest man</a></div><p>Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant&#x27;s rising stock price.</p><div><span class="fr-video fr-deletable fr-fvc fr-dvb fr-draggable" contenteditable="false" draggable="true"><iframe width="640" height="360" src="https://www.youtube.com/embed/B-JRlyxbfm8?&amp;wmode=opaque&amp;rel=0" frameBorder="0" allowfullscreen="" class="fr-draggable"></iframe></span><br/></div><p>Even after recently selling off $8.5 billion in stocks he remains the company&#x27;s largest shareholder.</p><p>The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world&#x27;s richest people, worth $197 billion.</p><div><strong>© Agence France-Presse</strong></div><div><br/></div><div><br/></div><div><br/></div>

<p>Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.</p>

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Amazon's Jeff Bezos beats Musk, reclaims title of world's richest man

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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

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