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Bezos dethrones Musk to reclaim title of world's richest man
Amazon founder Jeff Bezos took back hisspot as the world's richest man on Monday, dethroning Elon Musk on theBloomberg Billionaires Index.
Bezos' net worth stands at $200 billion, according to the tracker, surpassingthe Tesla chief's $198 billion.
Musk, who also heads X (formerly Twitter) and SpaceX, has seen his richesfall by more than $30 billion as Tesla's share price has dropped 25 percentin recent months.
Adding to Musk's woes, a court in January approved the annulment of hisenormous Tesla compensation agreement, worth $55.8 billion and originallystruck in 2018, reports BSS.
Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommercegiant's rising stock price.
Even after recently selling off $8.5 billion in stocks he remains thecompany's largest shareholder.
The French CEO of the luxury group LVMH, Bernard Arnault, remains in thirdplace in the rankings of the world's richest people, worth $197 billion.