- Most of Bezos’s fortune comes from his 9 per cent stake in Amazon, the place he’s the largest shareholder
Jeff Bezos has overtaken Elon Musk because the world’s richest individual, marking the primary time in additional than 9 months that the Tesla CEO has been knocked from the highest spot.
Musk was dethroned from the highest of the Bloomberg Billionaires Index after Tesla shares dropped by 7.2 per cent on Monday, bringing his web value to $197.7 billion, set towards Bezos’ $200.3 billion.
Bezos, 60, has not come first in Bloomberg’s rating since 2021.
While Amazon shares have greater than doubled since late 2022 and are closing in on a document excessive, Tesla is down round 50 per cent from its 2021 peak.
Most of Bezos’s fortune comes from his 9 per cent stake in Amazon, the place he’s the largest shareholder, regardless of promoting 50 million shares value round $8.5 billion in February.
Bezos first stepped forward of Microsoft Inc. co-founder Bill Gates because the world’s richest individual in 2017.
But an enormous rally in Tesla shares left Bezos and Musk vying for first place for many of 2021.
Late in 2021, Bezos dropped far behind, and that is the primary time he has reclaimed his place since then.
Here MailOnline appears to be like on the different mega wealthy folks on the checklist.
Most of Bezos’s fortune comes from his 9 per cent stake in Amazon, the place he’s the largest shareholder, regardless of promoting 50 million shares value round $8.5 billion in February
Musk was dethroned from the highest of the Bloomberg Billionaires Index after Tesla shares dropped by 7.2 per cent on Monday, bringing his web value to $197.7 billion, set towards Bezos’ $200.3 billion
(3) Bernard Arnault $197B
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, and his spouse Helene Mercier
Bernard Arnault is the Chairman and CEO of LVMH Moët Hennessy – Louis Vuitton, the world’s largest luxurious merchandise group.
Born in Roubaix, France on March 5, 1949, he began his profession as an engineer with the Ferret-Savinel building firm and was promoted to varied government administration positions earlier than taking the position of Chairman in 1978.
Arnault, 75, stayed there till 1984, when he applied the reorganization the Financière Agache holding firm.
In 1989, he grew to become the bulk shareholder of LVMH Moët Hennessy – Louis Vuitton, the place he has been Chairman and CEO since then. Arnault is married with 5 youngsters.
(4) Mark Zuckerberg $179B
Mark Zuckerberg and his spouse Priscilla Chan. Zuckerberg is the founder, chairman and CEO of Meta, which he first based as Facebook in 2004
Mark Zuckerberg is the founder, chairman and CEO of Meta, which he first based as Facebook in 2004. He is accountable for the general course and product technique for the corporate.
Zuckerberg was born in White Plains, New York and studied pc science at Harvard University earlier than transferring to Palo Alto, California in 2004.
In October 2021, Facebook grew to become Meta.
Zuckerberg can be the co-founder and co-CEO of the Chan Zuckerberg Initiative (CZI) together with his spouse Priscilla, which they began in 2015 to assist resolve a few of society’s most urgent points, together with enhancing training and tackling illness.
(5) Bill Gates $150B
Bill Gates co-founded Microsoft Corporation in 1975 with Paul Allen.
The firm went on to change into the world chief in enterprise and private software program and providers.
In 2008, Gates made the swap to focus full-time on work of the Bill & Melinda Gates Foundation, which they nonetheless co-chair after their marriage led to 2021.
As a part of the divorce settlement, he transferred a minimum of $6 billion value of shares in public corporations to Melinda.
As of March 2020, when Gates left the Microsoft board, he owned round 1.3 per cent of the corporate’s shares.
He is without doubt one of the largest homeowners of farmland within the US and has made investments in scores of corporations together with Republic Services and Deere & Co.
He has additionally donated greater than $59 billion to the Gates Foundation.
Bill Gates co-founded Microsoft Corporation in 1975 with Paul Allen
(6) Steve Ballmer $143B
Steve Ballmer is the previous CEO of Microsoft, heading the corporate from 2000 to 2014.
Ballmer ran Microsoft as CEO following the primary dot-com crash. He joined the corporate in 1980 after quitting Stanford’s MBA program.
He sought to bridge the hole with Google in search capabilities and Apple with cellphones.
In 2014, he retired from Microsoft and bought the NBA’s Los Angeles Clippers for $2 billion, which is now value $4.65 billion, in keeping with Forbes.
In 2022, Ballmer and his spouse Connie donated some $425 million to the University of Oregon to kind an institute for the behavioral and psychological well being wants of youngsters within the state.
Steve Ballmer is the previous CEO of Microsoft, heading the corporate from 2000 to 2014
(7) Warren Buffett $133B
US businessman and philanthropist Warren Buffett is chairman and chief government officer of Berkshire Hathaway Inc, which owns dozens of corporations together with Dairy Queen and Duracell.
Warren and his late spouse Susan raised three youngsters: Susie, Howard, and Peter.
He is now married to Astrid Menks Buffett, and lives and works in his hometown of Omaha, Nebraska.
Buffet first purchased inventory aged 11 and first filed taxes at age 13, earlier than occurring to change into one among probably the most profitable traders of all time.
Buffet has promised to donate greater than 99 per cent of his fortune.
US businessman and philanthropist Warren Buffett is chairman and chief government officer of Berkshire Hathaway Inc, which owns dozens of corporations together with Dairy Queen and Duracell
(8) Larry Ellison $129B
Larry Ellison is the founder and largest shareholder of database firm Oracle.
The firm’s reported income was $50 billion within the 12 months to May 31, 2023.
He owns greater than 40 per cent of the corporate, in addition to a stake in Tesla, a crusing workforce, and the Indian Wells tennis occasion.
Ellison give up the Oracle CEO position in 2014 after 37 years in cost.
In 2020, Ellison, who additionally has a big actual property portfolio, moved to the island of Lanai in Hawaii, which he purchased nearly all of in 2012 for $300 million.
Ellison was on Tesla’s board from December 2018 to August 2022 and he nonetheless holds round 15 million shares within the firm.
Larry Ellison is the founder and largest shareholder of database firm Oracle
(9) Larry Page $122B
Larry Page give up as CEO of Google’s mother or father firm Alphabet in 2019 however he’s nonetheless a board member and a controlling shareholder.
He cofounded Google in 1998 with Sergey Brin, who was additionally a Stanford Ph.D. scholar.
They each invented Google’s PageRank algorithm for its search engine.
Page was CEO till 2001, when he was succeeded by Eric Schmidt. From 2011 till 2015, he grew to become CEO of Alphabet.
Alphabet had a reported income of $307.4 billion in 2023.
Larry Page cofounded Google in 1998 with Sergey Brin, who was additionally a Stanford Ph.D. scholar
(10) Sergey Brin $116B
Sergey Brin is a co-founder of Alphabet. The group’s divisions embrace Android, Gmail and YouTube.
He moved to the US from the Soviet Union aged six.
Google went public in 2004 and began buying and selling as Alphabet in 2015.
Brin left his place as president of Alphabet in December 2019, however he’s nonetheless a board member and a controlling shareholder.
Sergey Brin left his place as president of Alphabet in December 2019, however he’s nonetheless a board member and a controlling shareholder