Joel Saget/AFP and Kevin Winter
- Jeff Bezos has surpassed Elon Musk to once again become the world's richest person.
- Bezos has a $200 billion fortune thanks to his stake in Amazon, according to data from Bloomberg.
- Musk has lost $31 billion so far this year as Tesla's stock price has declined 28%.
With a $200 billion fortune, Amazon founder Jeff Bezos has surpassed Elon Musk to once again become the world's richest person.
According to data from Bloomberg, Bezos' fortune eclipsed Musk's fortune by $2 billion as of Monday. This represents the first time since the fall of 2021 that Bezos is the world's richest person.
About 84% of Bezos' wealth is in his ownership stake in Amazon, which was worth $167 billion on Monday. Bezos has gained $23 billion in wealth so far this year as Amazon stock has jumped about 15%.
The rest of Bezos' wealth is derived from his stake in Blue Origin, which is worth about $15 billion, and another $18 billion sitting in cash, according to Bloomberg. Bezos sold $8.5 billion worth of Amazon stock last month.
Bezos' wealth gains have coincided with losses for Musk, which has been driven by a 28% decline in Tesla's stock price.
Musk has lost $31 billion in wealth so far this year to a total net worth of $198 billion as of Monday. Musk's wealth declined by $17 billion on Monday alone, when Tesla's stock price fell about 7%.
Musk's wealth decline is set to continue on Tuesday, with Tesla stock declining by about 4% due to concerns surrounding the EV maker's exposure to China's weakening economy.
Musk's wealth is derived from his $77 billion stake in Tesla, as well as his $71 billion stake in SpaceX. Other ventures including X, Neuralink, and The Boring Company round out Musk's total wealth exposure.
After Bezos and Musk, the next richest person in the world is Bernard Arnault, owner of luxury goods company LVMH, who has a net worth of $197 billion as of Monday. The top five richest person ranking is rounded out by Mark Zuckerberg, who has a $179 billion net worth, and Bill Gates, who has a $150 billion net worth.