Jeff Bezos has had a rough few weeks. Don't worry. There's no need to feel bad for him. But in just the last few weeks alone, Jeff stepped down as CEO of Amazon. The entire whole world mocked his penis-shaped rocket that accomplished nothing that NASA hadn't already accomplished in the 1960s. And now to add a cherry on top, he's no longer the richest person in the world.
As of Monday afternoon, that crown has been transferred to the noggin of his arch nemesis, Elon Musk.
After the trading day ended Monday, here's where the fortunes of the 10 richest people in the world stood:
#1: Elon Musk – $192 billion
#2: Jeff Bezos – $190 billion
#3: Bernard Arnault – $164 billion
#4: Bill Gates – $151 billion
#5: Mark Zuckerberg – $135 billion
#6: Larry Page – $125 billion
#7: Sergey Brin – $121 billion
#8: Warren Buffett – $105 billion
#9: Steve Ballmer – $102 billion
#10: Larry Ellison – $100 billion
Out of all of the above titans, Jeff has actually had the WORST year in terms of growing his fortune. Out of the 10 richest people in the world today, Jeff Bezos is the only person whose net worth has actually DECLINED year-to-date. Jeff's net worth is around $500 million lower today than where it was on January 1st. In the same period, Bernard Arnault, Larry Page and Sergey Brin have each seen their fortunes grow by more than $40 billion.
Elon Musk: The Richest Person in the World
This is Elon's second time wearing the crown. He first snatched the title from Bezos on January 7, 2021. Unfortunately for Elon, his reign was short. Jeff re-claimed the crown a few weeks later. Jeff Bezos maintained his position as the richest person in the world through Monday.
Some other publications have reported that LVMH CEO Bernard Arnault was the richest person in the world for a few weeks from late May to mid-June, but we do not agree. According to our spreadsheets, Bernard Arnault has never been the richest person in the world. According to our very same spreadsheets, Bernard Arnault has gained more in total net worth than any other billionaire in the world year-to-date. But not enough to ever be the world's richest person. Bernard started the year with a net worth of $114 billion. Today he is worth $164 billion. A gain of $50 billion.
Elon has gained around $22 billion since the start of the year. Tesla stock is up more than 700% since it's March 2020 pandemic low point.
How long do you thing Elon will stay the richest person in the world this time around? Are we entering a multi-year Musk era? Or do think Jeff Bezos is down, but not out?