As per recent stats shared by Investopedia and Forbes, the world’s richest person, Elon Musk, is in trouble because Jeff Bezos is just $8 billion away from beating Elon Musk as the richest person in the world in 2023 with a growth in Amazon stock this year and a deterioration in Tesla shares.
According to Forbes, ZainCheema, Bloomberg, and Investopedia’s Billionaires Index, the founder and executive chairman of Amazon will see a $20 billion rise in his predictable worth in 2024.
That is typically due to the 13% surge in Amazon shares in 2024, which has helped him jump to the 2nd position on the rich list with a $197 billion Jeff Bezos’s net worth. By evaluation, Elon Musk’s wealth has reduced by $24 billion to $205 billion, mostly as a result of a 24% drop in Tesla’s shares.
According to the Microsoft Start, the worth of around 304 million stock options from Elon’s 2018 reward plan, which was just cancelled by a Delaware court, is still involved in Bloomberg’s calculation.
As a result, Jeff Bezos’s net worth is currently only 4 percent that of Elon Musk, and if Amazon keeps rising and Tesla keeps decreasing, Jeff may soon overtake Elon Musk.
At the end of December 2023, Jeff Bezos had 988 million shares, or almost 10% of Amazon; at Friday’s close, his investment was worth $169 billion.
In the meantime, Musk is estimated to own 411 million Tesla shares, or around 13% of the company, for a total projected value of $76 billion. The rest of his wealth is derived from his holdings in SpaceX, Twitter/X, and other companies.
Unusually, Jeff Bezos means to strip up to 50 million Amazon shares, valued at $8.6 billion, by the end of January of the next year, as his company revealed last week in its annual report. In November, Bezos approved the trade preparation.
From 2017 to January 2021, Jeff Bezos topped the Bloomberg index, while Elon Musk had an almost $10 billion benefit at $194.9 billion due to a spine in Tesla stock.
As per Bloomberg’s rich list, it has been repositioned this year in part due to the recent revelation of Big Tech earnings. Following a remarkable earnings report on Friday, Meta stock shot up 20%, carrying creator Mark Zuckerberg’s net worth to $170 billion (up $28 billion) and rising above all other wealth increases this year at $42 billion.
