Tesla CEO Elon Musk has once again reclaimed the title of the second-wealthiest person in the world and the wealthiest person in the United States. With an estimated net worth of $198.1 billion, Musk overtook Amazon founder and chairman Jeff Bezos, who has an estimated net worth of $197.1 billion. This marks the 12th time in March that Musk and Bezos have switched positions in the wealth rankings.
On March 27, Musk once again surpassed Bezos in terms of wealth, with his net worth increasing by $1.7 billion while Bezos’ net worth rose by only $708 million. Just a day earlier, on March 26, Bezos had overtaken Musk despite a decrease in his net worth by $1.3 billion, while Musk’s net worth increased by $2.8 billion. The constant back-and-forth between the two billionaires has become a regular occurrence in recent weeks.
The ongoing battle for the title of the second-wealthiest person in the world began on March 6 when Bezos briefly overtook Musk due to Tesla stock market woes. However, Musk quickly regained his position as the richest person in the U.S. Since then, the two have continuously traded spots in the Forbes Real-Time Billionaires tracker, with Bezos and Musk each experiencing fluctuations in their net worth.
Forbes estimates Musk’s net worth to be around $193.8 billion as of Thursday, while Bezos is estimated to be worth about $196.8 billion. The month-long jostle between the two billionaires has been driven by Bezos’ wealth resurgence, leading to a total of nine switches in the wealth rankings since the beginning of March. The fluctuations have been closely watched by the public as Musk and Bezos continue to compete for the title of the second-wealthiest person in the world.
Despite the ongoing battle between Musk and Bezos, Bernard Arnault, CEO of the LVMH empire, remains the wealthiest person in the world according to Forbes’ list, with an estimated net worth of about $231.5 billion as of Thursday. As Musk and Bezos continue to swap positions in the wealth rankings, it remains to be seen who will ultimately emerge as the second-wealthiest person in the world. The constant fluctuations highlight the volatility of the global economy and the competitive nature of the world’s wealthiest individuals.
