The Entrepreneurs Weekly
No Result
View All Result
Monday, June 2, 2025
  • Login
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
Subscribe
The Entrepreneurs Weekly
  • Home
  • BUSINESS
  • POLITICS
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
No Result
View All Result
The Entrepreneurs Weekly
No Result
View All Result
Home Business

Jeff Bezos ‘Close’ to Passing Elon Musk as World’s Richest | Entrepreneur

by Brand Post
February 5, 2024
in Business
0
Jeff Bezos ‘Close’ to Passing Elon Musk as World’s Richest | Entrepreneur
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter


This article originally appeared on Business Insider.

Jeff Bezos is only about $8 billion away from overtaking Elon Musk as the world’s wealthiest person following a surge in Amazon stock — and a slump for Tesla — this year.

Amazon‘s founder and executive chairman has enjoyed a $20 billion rise in his estimated wealth this year, per the Bloomberg Billionaires Index. That primarily reflects a 13% rise in Amazon stock this year, which has propelled him into second place on the rich list with a net worth of $197 billion.

In contrast, Musk’s fortune has tumbled by $24 billion to $205 billion, largely due to a 24% plunge in Tesla‘s stock.

Bloomberg’s estimate still includes the value of about 304 million stock options from Musk’s 2018 compensation plan, which was recently voided by a Delaware court.

The upshot is that Bezos is now just 4% behind Elon Musk in net worth, and could soon leapfrog him if Amazon keeps rising or Tesla continues to fall.

Bezos owned 988 million shares, or nearly 10% of Amazon, at the end of December — a stake worth $169 billion at Friday’s close.

Meanwhile, Musk holds about 411 million Tesla shares, or a roughly 13% stake in the automaker, worth about $76 billion. His stakes in SpaceX, Twitter, and other businesses make up the rest of his fortune.

It’s worth noting that Bezos plans to sell up to 50 million Amazon shares, valued at $8.6 billion, by the end of January next year, his company’s annual report revealed last week. He adopted the trading plan in November.

Bezos was top of the Bloomberg index from 2017 until January 2021 when a rise in Tesla stock put Musk almost $10 billion ahead at $194.9 billion.

The release of Big Tech earnings in recent days has helped reshuffle Bloomberg’s rich list this year. Meta stock soared 20% on Friday after an earnings blowout, boosting founder Mark Zuckerberg‘s fortune by $28 billion to $170 billion, and bolstering his wealth gain for this year to an unmatched $42 billion.

Buffett beats ‘Google guys’

Meanwhile, Warren Buffett has climbed into seventh place above Oracle cofounder Larry Ellison and the “Google Guys” Larry Page and Sergey Brin.

Ellison’s net worth has been hit by the decline in value of his Tesla stake, while a 6% post-earnings drop in Alphabet stock last week trimmed the value of Page and Brin’s holdings.

On the other hand, Buffett’s Berkshire Hathaway stock is up about 9% this year as the economic outlook brightens. The investor’s wealth swelled by an estimated $10 billion in the first five weeks of this year, while Ellisson’s fortune only grew by about $7 billion, and Page and Brin gained around $2 billion each.

It’s certainly striking that Musk’s net worth has crashed from about $340 billion at its peak in late 2021 to about $200 billion today. However, Tesla stock is still up more than six-fold since the start of 2020, while Amazon shares have less than doubled.



Source link

Tags: BezosBillionairesBusiness NewsCelebrity EntrepreneursCloseElonElon MuskentrepreneurJeffJeff BezosMoney & FinanceMuskNews and TrendsPassingRichestThought LeadersWorlds

Related Posts

Your Team Will Love This Easy-to-Use PDF Editor | Entrepreneur
Business

Your Team Will Love This Easy-to-Use PDF Editor | Entrepreneur

June 1, 2025
Get Microsoft 365 for Six People a Year for Just 0 | Entrepreneur
Business

Get Microsoft 365 for Six People a Year for Just $100 | Entrepreneur

June 1, 2025
This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur
Business

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
  • Trending
  • Comments
  • Latest
Meet Amir Kenzo: A Well Known Musical Artist From Iran.

Meet Amir Kenzo: A Well Known Musical Artist From Iran.

August 21, 2022
Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

Behind the Glamour: Bella Davis Opens Up About Overcoming Adversity in Modeling

April 20, 2024
Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

Dr. Donya Ball: Pioneering Leadership Solutions for Tomorrow’s Challenges

May 10, 2024
Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

Nasiyr Bey’s Journey from Brooklyn to Charlotte: The Entrepreneurial Path to Owning a Successful Cigar Lounge

August 8, 2024
Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

Augmented.City Startup Developers Appeal To US Politicians With An Open Letter

0
U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

U.S. High Court Snubs Challenge To State And Local Tax Deduction Cap

0
GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

GOP Lawmaker Blames Biden For Russia-Ukraine War: Putin ‘Could never have Invaded’

0
Brad Winget’s Tips and Tricks on Having a Career in Real Estate

Brad Winget’s Tips and Tricks on Having a Career in Real Estate

0
Your Team Will Love This Easy-to-Use PDF Editor | Entrepreneur

Your Team Will Love This Easy-to-Use PDF Editor | Entrepreneur

June 1, 2025
Get Microsoft 365 for Six People a Year for Just 0 | Entrepreneur

Get Microsoft 365 for Six People a Year for Just $100 | Entrepreneur

June 1, 2025
This 0 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

This $200 MacBook Air Handles Your Hustle Without Complaints | Entrepreneur

May 31, 2025
What Every Brand Gets Wrong About Using AI | Entrepreneur

What Every Brand Gets Wrong About Using AI | Entrepreneur

May 31, 2025

The EW prides itself on assembling a proficient and dedicated team comprising seasoned journalists and editors. This collective commitment drives us to provide our esteemed readership with nothing short of the most comprehensive, accurate, and captivating news coverage available.

Transcending the bounds of Chicago to encompass a broader scope, we ensure that our audience remains well-informed and engaged with the latest developments, both locally and beyond.

NEWS

  • Business
  • Politics
  • Entrepreneurship
  • Entertainment
Instagram Facebook

© 2024 Entrepreneurs Weekly.  All Rights Reserved.

  • About Us
  • Advertise
  • Contact Us
No Result
View All Result
  • ENTREPRENEURSHIP
  • ENTERTAINMENT
  • POLITICS
  • BUSINESS
  • CONTACT US
  • ADVERTISEMENT

Copyright © 2024 - The Entrepreneurs Weekly

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In