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World's Richest Man: Jeff Bezos Reclaims Top Billionaire Status from Elon Musk

Mar 05, 2024 - techtimes.com
Jeff Bezos has regained his title as the world's richest person, with a net worth of $200 billion, surpassing Elon Musk's $198 billion, according to the Bloomberg Billionaires Index. This is despite Bezos selling $8.5 billion in Amazon shares last month, where he remains the largest shareholder with 9.56%. Meanwhile, Musk's wealth has declined due to legal issues and a drop in Tesla's market value, with his net worth falling from $320 billion in November 2021 to $205 billion. Tesla's stock also fell 26% due to financial turmoil and challenges in the European vehicle market.

In other news, Bezos has invested in the development of humanoid robots through the startup Figure AI, Inc., committing $100 million to a funding round aiming to raise approximately $675 million. The company, which focuses on advancing AI technology and creating humanoid robots capable of functioning in diverse settings, has also received investments from major technology players like Microsoft, Nvidia Corp., and an Amazon-affiliated fund.

Key takeaways:

  • Jeff Bezos has regained his position as the world's richest person, surpassing Elon Musk, with a net worth of $200 billion according to the Bloomberg Billionaires Index.
  • Elon Musk's wealth has decreased due to legal losses and a drop in Tesla's market value, with his net worth falling from $320 billion in November 2021 to $205 billion.
  • Jeff Bezos has invested $100 million in the startup Figure AI, Inc., which is developing humanoid robots and is currently in a funding round aiming to raise approximately $675 million.
  • Tesla faced financial turmoil and a 26% drop in stock due to issues in the European vehicle market, concerns about the reliability of EVs in cold US conditions, and competition from BYD in the electric vehicle industry.
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