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Jeff Bezos briefly reclaims title of world’s richest person after dethroning Elon Musk for less than a day

Bezos was back on top, but it didn't last long.
  • Jeff Bezos and Elon Musk are in constant competition for the title of World’s Richest Man
  • Bezos’ net worth increased by $23 billion in the last year
  • This made him officially richer than Musk, for a few years

Published on Mar 8, 2024 at 6:20PM (UTC+4)

Last updated on Mar 8, 2024 at 9:26PM (UTC+4)

Edited by Alessandro Renesis

Jeff Bezos has managed to dethrone Elon Musk… for less than a day.

According to Forbes, Musk was no longer the richest man in the world earlier today, on March 8.

But, just a few hours later, Musk regained his title.

READ MORE: Tesla shares video of Cybertruck climbing extremely difficult hazardous route on stock tires

Jeff Bezos and Elon Musk have been dancing around the title of World’s Richest Man for years now.

Musk has been in the lead for a while and was even predicted to become the world’s first trillionaire.

Earlier today, Bezos overtook him, with a net worth of a whopping $200 billion, while Musk ‘only’ had a net worth of $198 billion.

In the past year, Bezos has gained $23 billion, while Musk has been on something of a losing streak.

There was the day he lost $7 billion in less than five hours.

Plus Tesla shares have recently dropped by over seven percent.

According to data from Forbes’ Billionaire List, Bezos is expected to stay in his spot for the foreseeable future.

If his wealth keeps growing at this rate, he’ll be a trillionaire by 2026 at the age of 62.

Not even his lavish spending habits make a dent in his fortune.

He’s got a property portfolio worth $600 million and a $500 million megayacht.

Oh, and that comes with a ‘support yacht‘ worth $75 million.

But he’s surprisingly down-to-earth in other ways, insisting on driving a weirdly modest car.

While most of his fortune comes from Amazon, he also has shares in companies like Twitch, Airbnb and his aerospace company Blue Origin.

Bezos and Musk’s competition stretches beyond their bank balances, with their interest in space exploration being dubbed the ‘21st century Space Race‘.

Musk seems to be in the lead at the moment, after his rocket, Falcon 9, successfully returned to Earth.

Your move, Bezos.

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