Jeff Bezos, the founder and chairman of Amazon, has regained his position as the second-wealthiest person in the world, surpassing Elon Musk. This marks the second time in a week that these two billionaires have switched places.
After a surge in Tesla stock earlier in the week made Musk substantially richer, Bezos briefly lost his spot on the Forbes Real-Time Billionaire List. However, as of Thursday at noon EDT, Bezos’ estimated net worth had increased by approximately $2.5 billion while Musk’s fortune fell by about $276 million.
Bezos’ wealth continues to be dominated by Amazon’s market capitalization, while Musk’s wealth is tied to Tesla’s performance. Despite this, both billionaires have had significant impacts on their respective companies and industries.
Prior to March 2021, Musk consistently held either first or second place on the list of the world’s wealthiest people. However, a series of fluctuations in March caused him to fall outside of the top two rankings for the first time since August 19, 2021. Meanwhile, Bezos experienced a resurgence in wealth earlier this year.
The dynamic between these two billionaires continues to capture attention from observers around the world as they compete for dominance in terms of wealth and influence.
