On Monday, Amazon founder Jeff Bezos restored the title of the world's richest man, dethroning Elon Musk on the Bloomberg Billionaires Index.
Bezos' net worth estimated at $200 billion to surpass Musk's net worth estimated at $198 billion.
Musk, who owns X (Twitter), SpaceX and, Tesla, lost more than $30 billion after Tesla's share price dropped 25 percent in recent months, in addition, the court approval of the annulment of the Tesla compensation agreement, worth $55.8 billion.
On the other hand, Bezos benefited from the rising stock price of Amazon.
He recently sold off $8.5 billion in stocks, however, he is still the company's largest shareholder.
The French CEO of the LVMH, Bernard Arnault, retained his place on third on the list, worth $197 billion, followed by Meta founder Mark Zuckerberg, worth net $179 billion, and Microsoft founder Bill Gates, worth 150 billion.
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