Just one day after billionaire Tesla head Elon Musk briefly toppled Amazon founder Jeff Bezos as the world’s second-richest person, Bezos once again claimed the title back from Musk on Wednesday—though the rivals still trail LVMH magnate Bernard Arnault, the world's richest person. Bezos’ net worth stands at $201.5 billion, the result of a $511 million daily jolt driven in part by a narrow climb in Amazon shares, which crawled up over 0.
5% as of noon on Wednesday (Amazon is also in reported negotiations for a multi-billion-dollar NBA TV deal). Musk’s $198.4 billion net worth, meanwhile, puts him solidly in third place, following a drop in Tesla shares on Wednesday, which fell nearly 3% Wednesday morning to roughly $181 per share.
While Tesla shares have taken a tumble since hitting a peak over $400 in late 2021, the company’s shares have since rebounded, climbing nearly 28% over the past month, thanks partly to a reported agreement between Tesla and Chinese internet giant Baidu to bring the EVs to China. Musk, the billionaire head of Tesla, SpaceX, Neuralink and X (formerly Twitter) had stood in the first or second spot on Forbes’ real-time billionaire list from August 2021 to March 6, when Bezos knocked him down to third. Since then, Bezos and Musk have been entwined in a series of net worth flip-flops, with the billionaire duo taking the lead from one another on 13 separate occasions during March alone.
Bezo reclaimed the coveted second spot once again from Musk.