Jeff Bezos Surpasses Elon Musk to Become World's Second Richest Person

Two tech titans clash in dynamic wealth rankings.

by Nouman Rasool
Jeff Bezos Surpasses Elon Musk to Become World's Second Richest Person
© David Ryder/Getty Images

In an exciting shift in the global list of billionaires, Amazon's founder Jeff Bezos has retaken his title as the second-richest person in the world, toppling Tesla's CEO Elon Musk. This dramatic shift of fortunes, marked on Thursday, underlined volatile dynamics between some of the world's richest people.

The Bezos fortune soared by an estimated $199.6 billion as the value of Amazon stock rose 1.84% by noon EDT Thursday, but Musk's net worth saw a small drop of about $276 million to an estimated $197.4 billion. This surge put Bezos back on top of Forbes's real-time ranking of the world's richest people and moved him ahead of Musk.

Billionaire Rankings Shuffle

This is just the latest twist in a long-running feud between Bezos and Musk, whose fortunes have changed places repeatedly over the past months. In fact, the title of the world's second-richest individual has changed hands between the two 13 times since March alone.

Before that, Musk remained in the top two since August 19, 2021, but there was much change in dynamics in March, when he stepped out of the top two positions for the first time in more than a year and a half. Also adding to the competitive backdrop is the overall performance of their respective companies.

While Amazon's shares rallied, Tesla's stock barely rose 0.08% on Thursday. Such a stark contrast in company performances merely reflects the broader sector trends and has immense importance for personal fortunes for both Musk and Bezos.

Bernard Arnault, boss of LVMH, safely guards the top spot among billionaires with a net worth pegged at an estimated $206.9 billion as of Thursday morning. The leadership of Arnault at the top of the standings of billionaires adds one more note of intrigue to the process of the ongoing contest in wealth between the world's super-rich.

This unending jockeying for positions, however, attests to the fact that the people are not only some of the richest in the world but also that the global market is dynamic, hence the personal fortunes at play. As Amazon and Tesla continue to blaze new trails in their respective industries, the fortunes of Bezos and Musk are likely to keep offering a fascinating spectacle of shifts and turns, much like their business strategies and market sentiments.

Jeff Bezos Elon Musk