Jeff Bezos overtakes Elon Musk as world’s richest for the first time in 3 years

Last Updated: March 5, 2024By
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Jeff Bezos is back on top as the world’s richest man for the first time in three years as his worth sits at $200billion and former No. 1 Elon Musk saw his total stumble.

Bezos, 60, topped the recent Bloomberg Billionaires Index for the first time since fall of 2021, surpassing Musk, who is now at $198 billion.

It comes after the Amazon founder sold off a total of $4billion worth of shares since mid-February, regulatory filings revealed.

At the same time, Tesla CEO and X chair Musk, 52, saw a judge rule in late January that he must hand back the biggest pay packet in corporate history, at $55billion, following accusations of the CEO strong-arming Tesla directors.

Bezos’ stock sales come after it emerged that he will set up his primary residence in Florida, taking advantage of the Sunshine State’s tax system.

Bezos stepped down as Amazon CEO in 2021. His current title is executive chairman. In the space of a week, he’s shed nearly 25 million shares of the company. These are the first shares that he’s sold since leaving his role as CEO.

Earlier this month, Bezos, said that he would sell 50 million of his Amazon shares by 2025 through brokerage firm Morgan Stanley.

Despite the sales, Bezos is still Amazon’s highest shareholder, owning close to 10 percent of company stock.

Since February 2023, Amazon shares have soared over 50 percent with its price close to an all time high. Its market capitalization is around $1.75 trillion.

Bezos backed away from Amazon in order to spend more time on his other projects, including the rocket company, Blue Origin, and his philanthropy.

Bezos has also spent time galivanting with fiancé Lauren Sanchez as the two have been pictured in numerous hot spots.  

While it’s unclear when exactly they started dating, Lauren and Jeff’s romance was first exposed by the National Enquirer in January 2019, while they were both married to other people.

Soon after it was revealed, the billionaire Amazon founder, 59, divorced his wife of more than 25 years and the mother of his four children, Mackenzie Scott, while Lauren left her husband, Endeavor talent agency co-founder Patrick Whitesell.

They got engaged in early 2023, and Lauren opened up about the moment Jeff asked her to marry him to Vogue last month.

She recalled how Jeff popped the question on his yacht after they enjoyed a romantic dinner under the stars together.

She said the mogul concealed the huge diamond ring under her pillow, and that she almost ‘blacked out’ when she discovered it at the end of the evening just before they went to bed.

When asked about their upcoming nuptials, Lauren admitted that they were still in the early stages of planning the wedding, so they didn’t have a lot figured out just yet.

‘We’re still thinking about the wedding and what it’s going to be. Is it going to be big? Is it going to be overseas? We don’t know yet,’ she dished.

And Jeff made it clear that he was leaving it in her hands, telling the outlet when asked if he was going to be heavily involved in the planning, ‘Oh, God, no. Do I look that dumb?’

As for whether or not Lauren will be taking her husband-to-be’s last name, she admitted: ‘Uh, yes, 100 percent. I am looking forward to being Mrs. Bezos.’

Read more on Dailymail.co.uk

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