Amazon founder Jeff Bezos overtook French luxury goods tycoon Bernard Arnault as the second wealthiest person in the world on Monday morning after LVHM’s shares fell about 2.88% and Amazon shares slightly increased.
Forbes estimates Amazon founder Jeff Bezos has a net worth of about $203.8 billion as of Monday ... [+]
Bezos has a net worth of $203.8 billion as of Monday—an increase of about $1.9 billion Monday—according to Forbes’ Real-Time Billionaires List.
Arnault, who oversees the LVMH empire of luxury fashion and cosmetics brands like Louis Vuitton and Sephora, is close behind Bezos with a net worth of about $203.6 billion, down $4.7 billion on Monday.
Shares of Arnault’s LVMH were down 2.5% Monday morning, while Amazon shares were up 1.3%, helping Bezos’ net worth slightly increase.
The wealthiest person in the world remains Tesla CEO Elon Musk, who Forbes estimates to have a net worth of $209.1 billion as of Monday morning.
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The top of our billionaires tracker has seen a number of changes in recent weeks. Prior to Bezos passing Arnault, Musk and Arnault were jostling for the position of wealthiest person in the world. Amazon is trading up more than 6% over the last three months, while Tesla is up only 0.39% and LVMH has fallen 12.99% over the same period. Musk’s fortune has fluctuated this year as Tesla stock has struggled, but Musk could run away with the No. 1 spot if Tesla shareholders vote to reinstate his $50 billion pay package on Thursday, which would increase his equity in Tesla from 13% to 22%.
Earlier this year, Bezos was going back and forth with Musk for the position of second-wealthiest person in the world and wealthiest in the U.S. The pair swapped spots 13 times in March, and prior to that, Musk had not lost his status as the richest person in the U.S. for more than two years.