Jeff Bezos, founder of Amazon, reclaimed the title of the world’s richest person, with his fortune soaring to $200 billion, as reported by the Bloomberg Billionaires Index. This resurgence comes after a prolonged surge in Big Tech stocks, fueled by the flourishing artificial intelligence sector.
Bezos’ Dominance and Fluctuations:
Business Insider highlights that Bezos first surpassed Bill Gates in 2017, securing the top position for the first time. He briefly lost this standing in 2021 when Elon Musk overtook him, reaching a staggering $142 billion advantage. However, Bezos has now surged back to the forefront of the billionaire ranking.
Key Holdings and Market Influence:
Boasting ownership of 9% of Amazon, coupled with his aerospace venture Blue Origin, Bezos remains a major player in both e-commerce and aerospace. Amazon’s shares have witnessed a notable 17% increase this year alone, underlining the robust performance of his investments, notes NIXSolutions.
Challengers in Wealth:
Elon Musk, the visionary behind Tesla, trails closely in second place with a fortune of $198 billion. Meanwhile, Bernard Arnault, the owner of luxury goods brand LVMH, holds the third position with $197 billion. Despite this, Tesla’s shares have experienced a 24% decline over the course of the year.