Richest person | Jeff Bezos overtakes Bernard Arnault to reclaim the title of the richest person in the world
Jeff Bezos overtakes Elon Musk and Bernard Arnault to reclaim the title of richest person in the world | & nbspPhoto credit: & nbspBCCL
New Delhi: Amazon CEO Jeff Bezos has once again claimed the position of the richest person in the world, dethroning French luxury conglomerate Louis Vuitton Moet Hennessey (LMVH), Bernard Arnault, on Forbes’ billionaire list.
According to Forbes, Arnault took first place on Monday with a net worth of $ 186.4 billion ahead of Bezos whose net worth stood at $ 186 billion. Tesla and SpaceX CEO Elon Musk was third with $ 147.3 billion.
Bezos lost his number one spot after the French billionaire ended the day with a richer $ 800 million – with a net worth of $ 186 billion – after the company’s shares soared by nearly a half percent at closing in Europe.
However, the position that Arnault took lasted only one day. On Tuesday, Bezos’ net worth soared from $ 313 million to $ 189.2 billion, overtaking Arnault to $ 189.1 billion, an increase of $ 251 million. In third place was Elon Musk again with a net worth of $ 155.1 billion.
Jeff Bezos’ net worth has grown 34% on average over the past five years.
2021 has also been an eventful year for the founder of Amazon since his decision to step down as CEO and hand over to Andy Jassy, who currently runs Amazon Web Services. Bezos announced his departure date at an annual meeting of shareholders, saying it had “sentimental” value to him as it would be Amazon’s 27th anniversary officially becoming a company.
Bezos will become executive chairman of Amazon and focus on new products and initiatives. He also plans to focus on his other businesses, such as his rocket company, Blue Origin, and his newspaper, The Washington Post.
Amazon also announced on Wednesday that it would buy famous Hollywood studio MGM for $ 8.45 billion in the hopes of filling its video streaming service with more shows and movies to watch.
Bezos transformed the business he launched as an online bookstore in 1995 into a $ 1.7 trillion global e-commerce giant.