• Sun. Jun 23rd, 2024

Jeff Bezos Surpasses Bernard Arnault to Become the World’s Wealthiest Person

BySamantha Nguyen

Jun 11, 2024
Jeff Bezos Surpasses Bernard Arnault to Become the World’s Wealthiest Person

Jeff Bezos has once again become the world’s richest person, surpassing luxury tycoon Bernard Arnault. Bezos, the cofounder of Amazon, now leads Bloomberg’s Billionaires Index with a net worth of $209 billion. This marks a $32 billion increase since the beginning of the year as Amazon’s stock has risen by almost 25%. Arnault, the CEO and chairman of LVMH Moët Hennessy, is close behind with a net worth of $208 billion.

While Bezos and Arnault have similar fortunes, their paths to wealth are vastly different. Bezos owns Blue Origin, a space exploration company, and holds around 9% of Amazon, according to a SEC filing. Following Bezos and Arnault on the rich list are Elon Musk with a net worth of $200 billion, Mark Zuckerberg with $179 billion, and Larry Page with $156 billion.

In March, Bezos briefly overtook Musk as the world’s richest person. Bezos has also given back to charity, with a recent donation of $117 million to fund the preschools he founded. He has pledged to donate the majority of his wealth to charity in 2022. Jensen Huang, the CEO of Nvidia, has also seen a significant increase on the rich list, climbing to 14th place with a $107 billion fortune thanks to Nvidia’s soaring stock.

Representatives for Bezos at Amazon did not respond to a request for comment from Business Insider.

By Samantha Nguyen

As a content writer at newsqwe.com, I am passionate about crafting engaging and informative articles that captivate our audience. With a background in journalism and a keen eye for detail, I strive to deliver content that is not only well-researched but also adds value to our readers' lives. From breaking news stories to in-depth features, I take pride in my ability to tell compelling stories that resonate with our diverse audience. When I'm not typing away at my keyboard, you can find me exploring new cafes, practicing yoga, or getting lost in a good book. I am thrilled to be a part of the newsqwe.com team and look forward to sharing my love for writing with all of our readers.

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