Not Elon Musk, the world’s richest man is now Jeff Bezos. Elon Musk, the head of Tesla and CEO of social media X, lost the title of the world’s richest man to Amazon founder Jeff Bezos, according to the Bloomberg Billionaires Index on Monday. Jeff Bezos net worth is now $200 billion.
On the other hand, Elon Musk’s net worth is 198 billion dollars. According to Bloomberg data, Elon Musk has lost nearly $31 billion in wealth over the past year. Jeff Bezos, on the other hand, owns another $23 billion in wealth. Tesla shares fell more than 7 percent on Monday. In May 2023, Elon Musk achieved the first position in the list of the world’s richest people. At the time, he overtook French businessman and LVMH CEO Bernard Arnault. For the past few months, there has been quite a rivalry between Elon Musk, Arnold and Jeff Bezos. LVMH CEO Arnault has built an empire of luxury brands over the past four decades. His company includes brands such as Louis Vuitton, Dior, Sephora Tag, Dom Perignon, Fendi, Tiffin & Co., Marc Jacobs, Fendi and Celine. Last April, LVMH became the first European company, whose market value crossed 500 billion or 50 trillion dollars. Meanwhile, a report in January this year said that the total wealth of the world’s richest people has more than doubled in the last four years. But at the same time, about 5 billion people in the world have become poorer. This information was revealed in a report of the international non-profit organization Oxfam.
During the same period, the total wealth of the poorest four 4.77 billion or 4.77 billion people (60 percent of the world’s population) declined by 0.2 percent. Their poverty has increased due to inflation, war and climate change crises. Oxfam says it will take 230 years to eradicate this poverty. According to Oxfam, the wealth of all billionaires in the world as a whole increased by 3.3 trillion dollars, or 34 percent, from 2020 to the end of 2023. And their wealth growth rate is more than three times the global inflation rate. According to Inequality Inc.’s report, 7 out of the 10 largest corporations in the world have billionaire CEOs or shareholders. However, the standard of living of millions of workers around the world remains stagnant. About 800 million workers in 52 countries around the world saw their average real wages fall. These workers lost a combined $1.5 trillion over the past two years.
Visits: 0
