Jeff Bezos Overtakes Musk as World’s Richest, Dangote Leads in Africa (Top 10 List)

Jeff Bezos the Amazon Boss, has regained his title as the world’s wealthiest individual, surpassing Elon Musk by accumulating a staggering $23 billion

 

In a recent update, Jeff Bezos the Amazon Boss, has regained his title as the world’s wealthiest individual, surpassing Elon Musk by accumulating a staggering $23 billion in 2024. 

Mr Bezos currently boasts a net worth of $200 billion, outshining Musk's $198 billion, as per the latest Bloomberg Billionaires Index.

This shift in rankings mirrors the fluctuating fortunes of Amazon and Tesla in the stock market, with Amazon's shares rising by over 18 percent this year while Tesla's dropped by 24 percent. Despite selling $8.5 billion in Amazon shares, Mr Bezos retains a 9.56 percent stake as the largest shareholder.

On the other hand, Mr Musk faced a setback with a $31 billion loss, partially attributed to a judge striking down a Tesla pay package valued at up to $55.8 billion. Elon Musk, also involved with X and SpaceX, had previously claimed the top spot in May, surpassing Sir Bernard Arnault, who now holds the third position with $197 billion.

In Africa, Alhaji Aliko Dangote maintains his position as the continent's richest person, gaining $141 million as of March 5, 2024. Dangote's wealth is primarily tied to his 86% stake in Dangote Cement, with interests spanning sugar, salt, oil, fertilizer, and packaged food.

Here's the current list of the world’s top ten richest individuals:

1. Jeff Bezos: $200B

2. Elon Musk: $198B

3. Bernard Arnault: $197B

4. Mark Zuckerberg: $179B

5. Bill Gates: $150B

6. Steve Ballmer: $143B

7. Warren Buffett: $133B

8. Larry Ellison: $129B

9. Larry Page: $122B

10. Sergey Brin: $116B

These rankings are based on changes in the stock market and economic data.