Jeff Bezos overtakes Elon Musk to become the richest person on earth

Jeff Bezos has overtaken Elon Musk to reclaim his spot as the richest person on Earth.

The Amazon founder’s worth is now $200bn, compared to Mr Musk’s $198bn, according to the Bloomberg Billionaires Index.

Mr Musk took the title of world’s richest person in May 2023, edging out LVMH boss Bernard Arnault, who runs one of the world’s biggest conglomerates and includes brands such as Louis Vuitton, Dior and Celine.

Mr Bezos returns to the top for the first time since the autumn of 2021. He currently owns about nine per cent of Amazon, the world’s largest online retailer, according to a February 2024 Form 4 filing, as well as space exploration company Blue Origin.

Despite no longer running Amazon, he has benefited from the e-commerce giant’s rising stock price.