Jeff Bezos Is World's Richest Man

Amazon founder Jeff Bezos recovered the title of world's richest man on Monday, March 4, surpassing Elon Musk on the Bloomberg Billionaires Index.

According to the tracker, Bezos' net worth is $200 billion, which surpasses Tesla CEO Elon Musk's $198 billion.

Musk, who also runs X (previously Twitter) and SpaceX, has seen his fortune plummet by more than $30 billion as Tesla's stock price has plunged 25% in recent months.

To add to Musk's difficulties, a judge in January approved the cancellation of his massive Tesla pay agreement, worth $55.8 billion and signed in 2018.

Bezos, who no longer oversees Amazon, has benefited from the e-commerce company's growing stock price. Despite recently selling off $8.5 billion in stock, he remains the company's top stakeholder.

Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world's wealthiest individuals, with $197 billion.

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