Islamabad: Jeff Bezos Overtakes Elon Musk as World’s Richest Person. In a significant shift, Jeff Bezos, the founder of Amazon, has surpassed Elon Musk to become the world’s richest person, according to the Bloomberg Billionaires Index.

This marks the first time since 2021 that Jeff Bezos, aged 60, has claimed the top spot in Bloomberg’s ranking of the wealthiest individuals worldwide.

The change in rankings occurred after Elon Musk’s company, Tesla Inc., saw a 7.2 percent decrease in its shares, causing him to lose his position at the top of the Bloomberg Billionaires Index to Jeff Bezos.

This development comes as Elon Musk, who previously held the title of the richest person in the world, has seen fluctuations in his wealth in recent months.

Currently, Jeff Bezos boast a fortune of $200.3 billion, while Elon Musk’s wealth stands at $197.7 billion.

The shift in rankings underscores the dynamic nature of wealth accumulation in the tech industry and highlights the ongoing competition between two of the world’s most prominent entrepreneurs.

Read more: Jeff Bezos & Lauren Sánchez look excited in news clicks

Despite the change in rankings, both Jeff Bezos and Elon Musk continue to play influential roles in shaping the future of technology and business, with their companies driving innovation and economic growth on a global scale.

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