After 2 Years, Jeff Bezos Regains Title of World’s Richest Person

Jeff Bezos has reclaimed his title as the world’s richest person after a surge in his net worth fueled by the rise in Big Tech shares, particularly Amazon. This marks the first time in over two years that Bezos has held the top spot, with a current net worth of $200 billion.

Bezos’ ownership of approximately 9% of Amazon contributes significantly to his wealth, while he also owns Blue Origin, a space exploration company. The recent boost in Big Tech shares is linked to advancements in artificial intelligence technology. Meanwhile, Elon Musk, who had held the top spot for nine months, has been surpassed by Bezos and now has a net worth of $198 billion.

Bezos first surpassed Bill Gates as the world’s richest person in 2017. His decline in net worth is partly attributed to Tesla’s stock price falling by 24% this year. However, Bezos’ resurgence as the wealthiest person is tied to Amazon’s performance in the stock market and his various ventures in tech and space exploration industries.

By Sophia Gonzalez

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