Jeff Bezos has returned to the top as the world’s richest man for the first time in three years, but with a fortune of $200 billion, former No. 1 Elon Musk has seen him stumble across the board. I made it.
Mr. Bezos, 60, recently topped the Bloomberg Wealth Index for the first time since fall 2021, surpassing Mr. Musk, who is currently worth $198 billion.
The move comes after the Amazon founder sold a total of $4 billion worth of stock since mid-February, according to regulatory filings.
At the same time, Tesla CEO and X Chairman Musk (52 years old) judge Rules for late January He claimed he must return $55 billion in compensation, the largest compensation in the company’s history, following accusations that the CEO was manipulating Tesla’s board members.
Bezos’ stock sale comes after it was revealed that he plans to take advantage of the Sunshine State’s tax system and establish a home base in Florida.
Jeff Bezos has returned to the top of the world’s richest list for the first time in three years, but his massive fortune has reached $200 billion, while former number one Elon Musk’s wealth has stagnated.Bezos was photographed sharing the red carpet with Lauren Sanchez
Bezos, 60, topped the Bloomberg Billionaires Index for the first time since fall 2021, surpassing Tesla founder Elon Musk, who is currently worth $198 billion.
Bezos stepped down as Amazon CEO in 2021. His current title is Executive Chairman. He sold about 25 million shares of the company’s stock in one week. These are the first stocks he has sold since stepping down as CEO.
Earlier this month, Bezos announced through brokerage firm Morgan Stanley that he would sell 50 million Amazon shares by 2025.
Despite his sales, Bezos remains Amazon’s largest shareholder, owning nearly 10% of the company.
Amazon stock has soared more than 50% since February 2023, with prices near all-time highs. The market capitalization is approximately $1.75 trillion.
Bezos has stepped away from Amazon to spend more time on other projects, including his rocket company Blue Origin and philanthropy.
Mr. Bezos has also deepened his relationship with his fiancée, Lauren Sanchez, and the two have been photographed together at a number of hot spots.
It’s unclear when exactly the two started dating, but Lauren and Jeff’s romance was first exposed by the National Enquirer in January 2019, when both were married to other people.
Shortly after this was revealed, the billionaire Amazon founder, 59, divorced Mackenzie Scott, his wife of more than 25 years and the mother of his four children, and Lauren, her husband and celebrity husband, divorced Mackenzie Scott. He has parted ways with agency Endeavor co-founder Patrick Whitesell.
The pair got engaged in early 2023, and Lauren opened up to Vogue last month about the moment Jeff asked her to marry him.
She recalled how Jeff popped the question on the yacht after they enjoyed a romantic dinner together under the stars.
She said the tycoon hid a huge diamond ring under her pillow and she almost “blacked out” when she discovered it at the end of the evening, just before going to bed.
When asked about her upcoming wedding, Lauren admitted that she doesn’t know much yet as she is still in the early stages of wedding planning.
“We’re still thinking about the wedding and what it’s going to be like. Will it be big? Will it be overseas? I don’t know yet,” she replied.
And when Jeff was asked if he was going to be heavily involved in the planning, he replied, “Oh, no,” making it clear he was leaving it in her hands. Do I look that stupid? ”
As for whether Lauren would take her future husband’s last name, she admitted: “Yes, yes, 100 percent.” She’s looking forward to becoming Mrs. Bezos. ”
Bezos has returned to the top of the world’s wealthiest people after the Amazon founder sold a total of $4 billion worth of stock since mid-February, regulatory filings revealed.
Bezos’ stock sale comes after it was revealed that he plans to take advantage of the Sunshine State’s tax system and establish a home base in Florida.
Musk, 52, Tesla’s CEO and chairman of It was decided that it should not.
Musk, currently the world’s second-richest person, must pay back the largest compensation in the company’s history after a judge powerfully ordered him to award $55 billion to Tesla directors. not be
Musk, currently in second place, will have to pay back the largest paycheck in the company’s history after a judge ruled he should award $55 billion to Tesla directors.
The decision in a Delaware court comes five years after a lawsuit filed by shareholder Richard Tornetta targeted Musk and the directors of the electric car company he founded.
In her judgment, Grand Ducal Court Judge Kathleen McCormick found there were “serious flaws” in the process by which the board approved his 2018 remuneration package.
Musk has “extensive relationships with individuals tasked with negotiating on behalf of Tesla,” including his “former divorce attorney” and general counsel Todd Maron. found.
Musk was quick to react to the ruling on his social media platform X (formerly Twitter), tweeting, “You should never incorporate a company in Delaware.”
“If you want your shareholders to decide things, I recommend incorporating in Nevada or Texas.”
The defense said the pay plan was fairly negotiated by a committee of independent directors, included high performance targets and was blessed with a shareholder vote that was not even necessary.
Mr McCormick ordered directors to go back to square one to come up with a pay structure worthy of the world’s richest man.
“The parties agree to submit a joint letter to discuss the form of a final order implementing this decision and identify all issues, including costs, that will need to be addressed to bring this matter to a conclusion at trial level. “It will be,” she wrote.
Musk owns 13% of Tesla stock, but earlier this month announced a bid for a quarter of the company’s voting shares.
“I am uncomfortable with growing Tesla into the leader in AI and robotics without having up to 25% voting control,” he wrote to X.
“Enough to have an impact, but not so much that it can’t be overturned.”
Tesla shares fell about 3% following the ruling.
Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, ranks third on the Bloomberg Rich List with $197 billion in assets.
Mark Zuckerberg (pictured right) and Bill Gates rounded out the top five with $179 billion and $150 billion, respectively.
Bernard Arnault, CEO of LVMH Moët Hennessy Louis Vuitton, ranks third on the Bloomberg Rich List with a net worth of $197 billion. The French company oversees numerous luxury brands and has a market capitalization of $382 billion in the euro zone.
Arnault is followed by Meta founder Mark Zuckerberg and Microsoft mogul Bill Gates with $179 billion and $150 billion, respectively.
Steve Ballmer, Warren Buffett, Larry Ellison, Larry Page, and Sergey Brin rounded out the top 10.
L’Oréal vice president Françoise Betancourt Meyers is the richest woman in the world, coming in 15th on the list with a worth of $97.1 billion.