Amazon founder Jeff Bezos reclaimed his position as the world’s richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.
According to the tracker, Bezos’ net worth is $200 billion, which surpasses Tesla CEO Elon Musk’s $198 billion.
Musk, who also runs X (previously Twitter) and SpaceX, has seen his fortune plummet by more than $30 billion as Tesla’s stock price has plunged 25% in recent months.
To add to Musk’s difficulties, a judge in January approved the cancellation of his massive Tesla pay agreement, worth $55.8 billion and signed in 2018.
Bezos, who no longer leads Amazon, has benefited from the company’s growing stock price.
Despite recently selling off $8.5 billion in stock, he remains the company’s top stakeholder.
Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world’s wealthiest individuals, with $197 billion.