Companies

Jeff Bezos surpasses Elon Musk to top Bloomberg’s billionaire index

Musk lost his top ranking after shares in Tesla tumbled 7.2 per cent on Monday

Jeff Bezos: It’s the first time that the founder of Amazon, has topped Bloomberg’s ranking of the richest people since 2021. Picture: Getty

For the first time in more than nine months, Elon Musk is no longer the world’s richest person.

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla tumbled 7.2 per cent on Monday. Musk now has a net worth of $197.7 billion; Bezos’ fortune is $200.3 billion.

It’s the first time that Bezos, 60, the founder of Amazon, has topped Bloomberg’s ranking of the richest people since 2021.