Jeff Bezos dethrones Bernard Arnault to reclaim crown of world’s richest person

  • Jeff Bezos has reclaimed the title of the world’s richest person from luxury tycoon Bernard Arnault.

  • Bezos, Amazon’s cofounder, now leads Bloomberg’s Billionaires Index with a $209 billion net worth.

  • Bezos, Arnault, and Elon Musk have swapped places frequently atop the list in recent years.

Jeff Bezos has reclaimed the top spot as the world’s richest person once again.

According to Bloomberg’s Billionaires Index, the Amazon cofounder has dethroned Bernard Arnault and now ranks first among the world’s 500 richest billionaires.

Bezos’s net worth is $209 billion, and his wealth has grown by $32 billion since the start of this year as Amazon stock has jumped nearly 25%.

Arnault, the CEO and chairman of luxury goods group LVMH Moët Hennessy, has a $208 billion net worth, slightly behind Bezos.

The pair might have similar fortunes, but the routes to achieve their mega-wealth are vastly different.

Bezos owns space exploration company Blue Origin, and around 9% of Amazon, per Bloomberg, which cites an SEC filing from February.

Elon Musk is the next richest person in the world after Bezos and Arnault, with a $200 billion net worth. The top five are rounded out by Mark Zuckerberg, with a $179 billion net worth, and Google cofounder Larry Page, with a $156 billion net worth.

In March, Bezos briefly overtook Musk, who was then the world’s richest person, but the Blue Origin founder has also led the rankings several times before.

Bloomberg previously reported that last month, Bezos gave $117 million, more than half of the proceeds from selling 1.1 million worth of stock over two days, to fund the preschools he founded. In 2022, he pledged to give away the majority of his wealth to charity.

One of the biggest movers on the list this year is Nvidia CEO Jensen Huang. Thanks to Nvidia’s soaring stock, he has shot up Bloomberg’s rich list to rank 14th with a $107 billion fortune. Huang has added about $93 billion to his net worth in under 18 months.

Representatives for Bezos at Amazon didn’t immediately respond to a request for comment from Business Insider, made outside normal working hours.

Read the original article on Business Insider

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