Sunday, August 10, 2025

Jeff Bezos Surpasses Musk, Reclaims Position as World’s Richest Person

After Elon Musk recently surpassed Jeff Bezos as the world’s richest person, it appears that the Amazon founder soon reclaimed his No. 1 position, as his net worth now exceeds Musk’s by US$955 million.

Tesla shares dropped by 2.4% on Tuesday, eliminating more than US$4.6 billion from Musk’s fortune and bringing the CEO down from the highest spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who had claimed the title of the world’s richest person for three years in a row, reclaimed the top spot with a net worth of US$191.2 billion.

It has been a momentous reign for Bezos, who once again returns to the pedestal, despite plans to step down from his title as Amazon’s CEO in the third quarter. Bezos revealed his abdication earlier this month, noting that he will use the additional time to focus on his other projects, including the Washington Post, as well as his space exploration company Blue Origin.

However, the race to the mantle as of the world’s richest person is only beginning to heat up, because it likely will not be long before Musk overtakes Bezos, again. Musk’s rival space exploration company, SpaceX, is currently in talks to raise capital at a valuation of US$92 billion, nearly double that of its current value.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

New Found Gold: The Queensway PEA

Newmont Q2 Earnings: Setting The Tone For This Earnings Cycle

Highest Grade Antimony Mine in the World!? | James Atkinson – Antimony Resources

Recommended

Nova Scotia Bans Forest Access to Prevent Wildfires

Cardiol Therapeutics Releases Positive Topline Results From Phase II Clinical Trial

Related News

Elon Musk Lost $27 Billion Amid Market-Wide Tech Selloff

It appears that Musk has slipped even further away from the title of the world’s...

Monday, March 8, 2021, 10:37:00 AM

Tesla Plans For Another Stock Split

Tesla (NASDAQ: TSLA) is evidently looking to lower its trading price yet again after the...

Monday, March 28, 2022, 07:56:01 AM

Elon Musk’s Startup X.AI Files for $1 Billion Equity Offering… Or Is It A Rescue Plan For X?

In a recent development, artificial intelligence startup X.AI, founded by Elon Musk, has filed with...

Wednesday, December 6, 2023, 02:11:00 PM

Uber Partners With Hertz For Tesla Rental Program For Drivers

And the Tesla (NASDAQ: TSLA) pump goes on. The company is currently up 1.77% in...

Wednesday, October 27, 2021, 08:38:21 AM

Inside Joke Or Insider Trading? Unusually High Activity In Manchester United Shares Seen Prior To Elon Musk Buyout Joke Tweet

The tumultuous fallout of Tesla CEO Elon Musk’s proposed Twitter (NYSE: TWTR) takeover that led...

Wednesday, August 17, 2022, 09:28:00 AM