Space

A Tale of Space Exploration, Evolving Wealth, and the Shifting Landscape of the World's Richest

Main image to the post A Tale of Space Exploration, Evolving Wealth, and the Shifting Landscape of the World's Richest

Jeff Bezos, the founder of Amazon and Blue Origin, spoke at the JFK Space Summit in Boston, Massachusetts, on June 19, 2019. The summit celebrated the 50th anniversary of the moon landing.

Bezos' net worth is estimated at $200 billion, according to the tracker, surpassing Tesla CEO Elon Musk's $198 billion. Musk's wealth has fallen by more than $30 billion in recent months due to a drop in Tesla's share price.

Musk, who also heads X (formerly Twitter) and SpaceX, has seen his wealth decline as Tesla's share price has fallen by 25 percent in recent months. In January, a court approved the annulment of Musk's enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.

Bezos, who stepped down as CEO of Amazon in 2021, has benefited from the e-commerce giant's rising stock price. Even after recently selling off $8.5 billion in stocks, he remains the company's largest shareholder.

Bernard Arnault, the French CEO of the luxury group LVMH, remains in third place in the rankings of the world's richest people, with a net worth of $197 billion.

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May 21, 2023 | 05:09