Jeff Bezos topples Elon Musk to reclaim title of world’s richest man

Bezos has gained $23bn in 2024, while Musk has lost $31bn, according to the Bloomberg Billionaires Index.

Jeff Bezos has dethroned Elon Musk to reclaim his title as the world’s richest man.

The Amazon founder’s net worth currently stands at $200bn, topping the Tesla chief’s $198bn, the Bloomberg Billionaires Index showed on Tuesday.

Bezos has gained $23bn so far in 2024, while Musk has lost about $31bn, according to the index.

The billionaires’ wealth gains and losses closely tracked the stock market fortunes of Amazon and Tesla, who count their founders as their biggest shareholders.

Amazon’s share price has surged by more than 18 percent this year, while Tesla’s has dropped by 24 percent.