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According to the Bloomberg Billionaires Index, Mr. Bezos made a profit of $23 billion in 2024, while Mr. Musk suffered a loss of $31 billion.
Jeff Bezos deposed Elon Musk and regained the title of the richest man in the world.
The Amazon founder’s net worth now stands at $200 billion, surpassing the Tesla CEO’s net worth of $198 billion, the Bloomberg Billionaires Index showed on Tuesday.
According to the index, Mr. Bezos has made a profit of $23 billion so far in 2024, while Mr. Musk has lost about $31 billion.
The rise and fall of the billionaire’s wealth closely tracked the fortunes of the stock markets of Amazon and Tesla, whose founders are the largest shareholders.
Amazon’s stock has risen more than 18% this year, while Tesla’s stock has fallen 24%.
Despite selling $8.5 billion worth of Amazon shares earlier this month, Bezos remains the e-commerce giant’s largest shareholder with a 9.56% stake.
Musk owns about 20% of Tesla stock.
In January, a U.S. judge found serious flaws in Musk’s compensation approval process and canceled Tesla’s up to $55.8 billion in salary payments to him.
Musk, who also runs X Corporation and Space rose to the top of the list.
Mr. Bezos, Mr. Musk and Mr. Arnault have been vying for the top spot in recent years in a ranking based on changes in the stock market and other economic data.
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