Musk’s Fortune Dwindles While Bezos Stays Resilient: A Wealth Update

On Monday, Amazon founder Jeff Bezos reclaimed his position as the world's richest individual, surpassing Elon Musk on the Bloomberg Billionaires Index

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Musk's Wealth Declines as Tesla Shares Drop, Bezos Remains Strong

Elon Musk, the visionary behind companies like Tesla, SpaceX, and X (formerly Twitter), has faced a significant decline in wealth. With Tesla’s stock plummeting by 25% in recent months, Musk’s fortune has shrunk by over $30 billion.

In a further setback, a court recently approved the nullification of Musk’s colossal compensation package from Tesla, initially valued at $55.8 billion and agreed upon in 2018.

On the other hand, Jeff Bezos, although no longer at the helm of Amazon, continues to benefit from the ecommerce giant’s soaring stock price. Despite selling off $8.5 billion in shares recently, Bezos retains his position as the company’s largest shareholder.

Bernard Arnault, the CEO of luxury conglomerate LVMH, maintains his third-place ranking among the world’s wealthiest individuals. With a net worth of $197 billion, Arnault remains a formidable figure in the global wealth landscape.


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