Elon Musk Briefly Overtakes Jeff Bezos as Second-Richest Person

In a dramatic turn of events, Amazon founder Jeff Bezos has once again reclaimed his title as the world’s second-richest person, surpassing Tesla head Elon Musk just one day after Musk briefly held the position. Bezos’ net worth now stands at an impressive $201.5 billion, fueled by a daily increase of $511 million, driven in part by a rise in Amazon shares.

On the other hand, Musk’s net worth of $198.4 billion places him solidly in third place, following a drop in Tesla shares on Wednesday. Despite this setback, Tesla shares have rebounded in recent weeks, climbing nearly 28% thanks to a reported agreement with Chinese internet giant Baidu to bring EVs to China.

The back-and-forth battle between Bezos and Musk for the second spot on the billionaire list has been ongoing, with the two swapping positions multiple times in March alone. Bezos’ resurgence comes amid a wealth renaissance, with Amazon’s stock seeing a 21% rise year-to-date.

Meanwhile, Bernard Arnault, the chairman and CEO of LVMH, remains the world’s richest person with an estimated net worth of $205.9 billion. Despite a sizeable drop in his net worth on Wednesday, Arnault continues to lead the pack with his fashion empire that includes brands like Louis Vuitton and Christian Dior.

The rivalry between Bezos and Musk, along with the dominance of Arnault, highlights the ever-changing landscape of the world’s wealthiest individuals. Stay tuned for more updates on this billionaire showdown.