Elon Musk loses world’s richest person title to Jeff Bezos

It’s the first time that Bezos has topped Bloomberg’s ranking of the richest people since 2021.

The wealth gap between Musk, 52, and Bezos, which at one point was as wide as $142bn, has been shrinking as Amazon and Tesla shares move in opposite directions. (AP Photo/John Locher, File)

For the first time in more than nine months, Elon Musk is no longer the world’s richest person.

Musk lost his position atop the Bloomberg Billionaires Index to Jeff Bezos after shares in Tesla tumbled 7.2% on Monday. Musk now has a net worth of $197.7bn (€181.6bn) while Bezos’ fortune is $200.3bn (€184bn).