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Tesla CEO Elon Musk is no longer the richest person on the planet, the crown now belongs to Amazon founder Jeff Bezos.
Musk, who also owns X (officially known as Twitter), ran SpaceX and led initiatives such as founding xAI. Bloomberg Billionaires Index Over 9 months. As of Monday, Mr. Musk was in second place with a net worth of $197.7 billion, while Mr. Bezos was in first place with a net worth of $200.3 billion. Bernard Arnault, chairman of LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury goods company, is currently in third place, not far behind Musk, with a net worth of $197.5 billion.
SpaceX founder Elon Musk in Washington DC on March 9, 2020. Pictured with Blue Origin founder Jeff Bezos in Washington DC on October 22, 2019. Photo by BRENDAN SMIALOWSKI, MANDEL NGAN/AFP, Getty Images
Mr. Bezos has not topped Bloomberg’s rankings since 2021, and the wealth gap between him and Mr. Musk was at one point as much as $142 billion.
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The Bloomberg Billionaires Index measures the net worth of the world’s 500 richest people based on the market, the economy, and Bloomberg’s own reporting. Each profile quantitatively analyzes a person’s assets through written reports and confidence ratings.
Bloomberg reported the details through Bezos. profilefor example, states that he has approximately $17.9 billion in cash, $15 billion in personal wealth (Blue Origin, the space exploration company he owns), and $167 billion in public wealth (Amazon).
Musk’s profile shows a different distribution of net worth, with most of his wealth coming from private and public companies.
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According to human rights group Oxfam, over the past two years, $26 trillion (63%) of new wealth went to the world’s richest 1%, while $16 trillion (37%) went to the remaining 99%.
“For every dollar of new global wealth gained by the bottom 90 percent, billionaires gained about $1.7 million,” the report said. said.
Billionaires in the U.S. own a total of $4.48 trillion in assets, 1.5 times more than they were at the beginning of the pandemic. Statista.
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