Jeff Bezos is only about $8 billion away from overtaking Elon Musk as the world’s wealthiest person following a surge in Amazon stock — and a slump for Tesla — this year.
In contrast, Musk’s fortune has tumbled by $24 billion to $205 billion, largely due to a 24% plunge in Tesla’s stock.
Bloomberg’s estimate still includes the value of about 304 million stock options from Musk’s 2018 compensation plan, which was recently voided by a Delaware court.
The upshot is that Bezos is now just 4% behind Elon Musk in net worth, and could soon leapfrog him if Amazon keeps rising or Tesla continues to fall.
Bezos owned 988 million shares, or nearly 10% of Amazon, at the end of December — a stake worth $169 billion at Friday’s close.
Meanwhile, Musk holds about 411 million Tesla shares, or a roughly 13% stake in the automaker, worth about $76 billion. His stakes in SpaceX, Twitter, and other businesses make up the rest of his fortune.
It’s worth noting that Bezos plans to sell up to 50 million Amazon shares, valued at $8.6 billion, by the end of January next year, his company’s annual report revealed last week. He adopted the trading plan in November.
Bezos was top of the Bloomberg index from 2017 until January 2021 when a rise in Tesla stock put Musk almost $10 billion ahead at $194.9 billion.
The release of Big Tech earnings in recent days has helped reshuffle Bloomberg’s rich list this year. Meta stock soared 20% on Friday after an earnings blowout, boosting founder Mark Zuckerberg’s fortune by $28 billion to $170 billion, and bolstering his wealth gain for this year to an unmatched $42 billion.
Buffett beats ‘Google guys’
Meanwhile, Warren Buffett has climbed into seventh place above Oracle cofounder Larry Ellison and the “Google Guys” Larry Page and Sergey Brin.
Ellison’s net worth has been hit by the decline in value of his Tesla stake, while a 6% post-earnings drop in Alphabet stock last week trimmed the value of Page and Brin’s holdings.
On the other hand, Buffett’s Berkshire Hathaway stock is up about 9% this year as the economic outlook brightens. The investor’s wealth swelled by an estimated $10 billion in the first five weeks of this year, while Ellisson’s fortune only grew by about $7 billion, and Page and Brin gained around $2 billion each.
It’s certainly striking that Musk’s net worth has crashed from about $340 billion at its peak in late 2021 to about $200 billion today. However, Tesla stock is still up more than six-fold since the start of 2020, while Amazon shares have less than doubled.
News
Shaquille O’Neal ANGRY over Brittney Griner’s thoughtless actions: YOU ARE A ‘WOKE’, NOT WORTHY OF REPRESENTING AMERICA’ – Inspirational Stories
In the world of professional sports, few athletes command as much respect and admiration as Shaquille O’Neal. The former NBA superstar and Hall of Famer has long been recognized not only for his dominance on the basketball court but also…
WNBA SCANDAL: A’ja Wilson SPEAKS OUT On BAD WNBA Ratings & BLAMED Caitlin Clark For R*CISM After Playoff EXIT!
Coco Gauff recently won the China Open and has reached the quarter-finals of the Wuhan Open, with the 20 year old revealing she has taken inspiration from basketball Coco Gauff is drawing strength from Caitlin Clark’s on-court rival, A’ja Wilson, as she strives…
WNBA legend takes issue with coverage of Caitlin Clark fouls: ‘We can’t make it seem like she was assaulted’ – Inspirational Stories
Angel Reese’s foul on Clark was this week’s WNBA talking point. WNBA legend Sheryl Swoopes took issue with the discourse every time Indiana Fever rookie Caitlin Clark is fouled and pointed to what happened Sunday with Chicago Sky forward Angel Reese. Reese…
The difference between AR & CC is that Clark does not speak badly to the press about other players. She is only concerned with her team, and how she plays. Angel Reese on the other hand is very jealous of the attention, endorsements, and sell out crowds that CC brings
In the world of sports, especially basketball, the spotlight often shines brightest on the players who not only excel on the court but also manage their public image with finesse. This dichotomy is vividly illustrated in the contrasting behaviors of…
Travis Kelce declares, “I’M GOING TO BE A DAD!” with a happy smile. Aп υltrasoυпd VERIFIES Taylor Swift’s p.re.gпaпcy…
Exclusive: Travis Kelce declares, “I’m Going to Be a Dad!” with a happy smile. Ап ultrasound verifies Taylor Swift’s pregnancy. In a excitement amazing surprise light on events, global Super Star pop sensation Singer Taylor Swift and her beloved partner,…
Travis Kelce refυsed the gift Taylor Swift boυght yesterday after learпiпg she slept with Diddy. Travis Kelce is plaппiпg to break υp aпd has deleted all of their photos oп social пetworks…
In a stunning twist, Kansas City Chiefs star Travis Kelce has reportedly refused a gift from Taylor Swift after learning about her alleged involvement with music mogul P Diddy. Sources close to Kelce claim that this shocking revelation has caused…
End of content
No more pages to load