Jeff Bezos has overtaken Elon Musk as the world’s richest person for the first time in nine months.
Musk was dethroned from the top of the Bloomberg Billionaires Index after Tesla shares fell 7.2 percent on Monday, taking his net worth to $197.7 billion, compared to Bezos’ $200.3 billion.
It is the first time since 2021 that Amazon founder Bezos, 60, has ranked first in the Bloomberg rankings.
While Amazon shares have more than doubled since the end of 2022 and are nearing an all-time high, Tesla is down about 50 percent from its 2021 peak.
The bulk of Bezos’ fortune comes from his 9 percent stake in Amazon, where he is the largest shareholder despite selling 50 million shares worth about $8.5 billion in February.
Bezos first surpassed Bill Gates, co-founder of Microsoft Inc., as the world’s richest person in 2017.
But a massive rally in Tesla shares left Bezos and Musk battling for the top spot for most of 2021.
Bezos fell far behind at the end of 2021, and this is the first time he has regained his position since then.
Here, MailOnline looks at the other mega-rich people on the list.
Most of Bezos’ fortune comes from his 9 percent stake in Amazon, where he is the largest shareholder despite selling 50 million shares worth about $8.5 billion in February.
Musk was dethroned from the top of the Bloomberg Billionaires Index after Tesla shares fell 7.2 percent on Monday, bringing his net worth to $197.7 billion, compared to Bezos’ $200.3 billion.
(3) Bernard Arnault $197 billion
Bernard Arnault, chairman and CEO of LVMH Moet Hennessy Louis Vuitton, and his wife Helene Mercier
Bernard Arnault is the chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s largest luxury products group.
Born in Roubaix, France on March 5, 1949, he began his career as an engineer at the construction company Ferret-Savinel and was promoted to several executive management positions before assuming the role of chairman in 1978.
Arnault, 75, stayed there until 1984, when he reorganized the Financière Agache holding company.
In 1989, he became majority shareholder of LVMH Moët Hennessy – Louis Vuitton, where he has been chairman and CEO ever since. Arnault does married and five children.
(4) Mark Zuckerberg $179 billion
Mark Zuckerberg and his wife Priscilla Chan. Zuckerberg is the founder, chairman and CEO of Meta, which he first founded as Facebook in 2004
Mark Zuckerberg is the founder, chairman and CEO of Meta, which he first founded as Facebook in 2004. He is in charge of the company’s overall direction and product strategy.
Zuckerberg was born in White Plains, New York and studied computer science at Harvard University before moving to Palo Alto, California in 2004.
In October 2021, Facebook went Meta.
Zuckerberg is also co-founder and co-CEO of the Chan Zuckerberg Initiative (CZI) with his wife Priscilla, which they founded in 2015 to solve some of society’s most pressing problems, including improving education and tackling diseases.
(5) Bill Gates $150 billion
Bill Gates co-founded Microsoft Corporation with Paul Allen in 1975.
The company grew to become a global leader in business and personal software and services.
In 2008, Gates moved to focus full-time on the work of the Bill & Melinda Gates Foundation, which they continue to co-chair after their marriage ended in 2021.
As part of the divorce settlement, he transferred at least $6 billion worth of stock in publicly traded companies to Melinda.
As of March 2020, when Gates left Microsoft’s board, he owned about 1.3 percent of the company’s stock.
He is one of the largest owners of farmland in the US and has made investments in numerous companies, including Republic Services and Deere & Co.
He has also donated more than $59 billion to the Gates Foundation.
Bill Gates co-founded Microsoft Corporation with Paul Allen in 1975
(6) Steve Ballmer $143 billion
Steve Ballmer is the former CEO of Microsoft and led the company from 2000 to 2014.
Ballmer led Microsoft as CEO after the first dot-com crash. He joined the company in 1980 after leaving Stanford’s MBA program.
He tried to bridge the gap with Google in search capabilities and Apple in mobile phones.
In 2014, he retired from Microsoft and bought the NBA’s Los Angeles Clippers for $2 billion, which is now worth $4.65 billion, according to Forbes.
In 2022, Ballmer and his wife Connie donated approximately $425 million to the University of Oregon to establish an institute to address the behavioral and mental health needs of children in the state.
Steve Ballmer is the former CEO of Microsoft and led the company from 2000 to 2014
(7) Warren Buffett $133 billion
American businessman and philanthropist Warren Buffett is chairman and CEO of Berkshire Hathaway Inc, which owns dozens of companies, including Dairy Queen and Duracell.
Warren and his late wife Susan raised three children: Susie, Howard and Peter.
He is now married to Astrid Menks Buffett and lives and works in his hometown of Omaha, Nebraska.
Buffet first bought stocks at age 11 and filed taxes for the first time at age 13, before becoming one the most successful investors of all time.
Buffet has pledged to donate more than 99 percent of his fortune.
American businessman and philanthropist Warren Buffett is chairman and CEO of Berkshire Hathaway Inc, owner of dozens of companies including Dairy Queen and Duracell
(8) Larry Ellison $129 billion
Larry Ellison is the founder and largest shareholder of database company Oracle.
The company’s reported revenue was $50 billion in the year to May 31, 2023.
He owns more than 40 percent of the company, as well as a stake in Tesla, a sailing team, the Indian Wells tennis event and various real estate properties.
Ellison retired from the role of CEO of Oracle in 2014 after 37 years in charge.
In 2020, Ellison moved to the island of Lanai in Hawaii, which he bought almost entirely in 2012 for $300 million.
Ellison served on Tesla’s board from December 2018 to August 2022 and still owns approximately 15 million shares in the company.
Larry Ellison is the founder and largest shareholder of database company Oracle
(9) Larry Page $122 billion
Larry Page stepped down as CEO of Google’s parent company Alphabet in 2019, but he remains a board member and controlling shareholder.
He co-founded Google in 1998 with Sergey Brin, who also had a Stanford Ph.D. student.
They both invented Google’s PageRank algorithm for its search engine.
Page was CEO until 2001, when he was succeeded by Eric Schmidt. From 2011 to 2015 he became CEO of Alphabet.
Alphabet had reported revenues of $307.4 billion in 2023.
Larry Page founded Google in 1998 with Sergey Brin, who also had a Stanford Ph.D. student
(10) Sergey Brin $116 billion
Sergey Brin is co-founder of Alphabet. The group’s divisions include Android, Gmail and YouTube.
He moved to the US from the Soviet Union at the age of six.
Google went public in 2004 and began trading as Alphabet in 2015.
Brin left his position as president of Alphabet in December 2019, but he remains a board member and controlling shareholder.
Brin left his position as president of Alphabet in December 2019, but he remains a board member and controlling shareholder