Jeff Bezos Overtakes Elon Musk As Second Wealthiest Person In The World

Topline

Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $199.6 billion, is once again the second-wealthiest person in the world as of Thursday, overtaking Tesla CEO Elon Musk, who has an estimated net worth of $197.4 billion, and marking the second switch of the week for the battling billionaires.

Key Facts

Big Number

1.84%. That’s how much Amazon’s stock was up at noon EDT on Thursday. Tesla’s share price, in comparison, was up about 0.08%.

Key Background

The two billionaires have been going back-and-forth for the position of second wealthiest person in the world for months—they flip-flopped at least 13 times in March. But, before March, Musk had steadily held the first or second spots on the list: March 6 was the first time since Aug. 19, 2021 that he placed outside of the top two in Forbes’ real-time billionaire rankings. Bezos had a resurgence of wealth earlier this year and Musk’s wealth has fluctuated as Tesla—which just announced hundreds more cuts among its staff this week—has struggled, leading to the ongoing back-and-forth.

Further Reading

ForbesTesla Stock Storms To Best Day Since 2021 On China OptimismBy Derek Saul
ForbesTesla Fires Supercharger Team-Musk Says Network Will Grow At ‘Slower Pace’By Molly BohannonForbesJeff Bezos Overtakes Elon Musk As World’s Second-Wealthiest Person For Fourth Time In Recent WeeksBy Molly BohannonForbesJeff Bezos Overtakes Elon Musk As Richest Person In The US-13th Flip-Flop This MonthBy Ana Faguy