Amazon founder Jeff Bezos named world's most richest man after dethroning tech mogul Elon Musk on the Bloomberg Billionaires Index.

Bezos, who no longer leads Amazon, has benefited from the company's growing stock price. Despite selling off $8.5 billion in stock recently, he remains the company's top stakeholder.

PHOTO | COURTESY Bezos 

Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world's wealthiest individuals, with $197 billion.

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Elon Musk claimed the title in 2021 after Tesla shares increased by 4.8%. He briefly lost the title to Arnault but reclaimed it in 2023.

PHOTO | COURTESY Bezos Dethrones Musk To Become World's Richest Man

Bernard Arnault, the French CEO of the luxury business LVMH, stays third in the list of the world's wealthiest individuals, with $197 billion.

In recent years, Bezos, Musk, and Arnault competed for the top spot in the ranking, which is based on stock market shifts and other economic statistics.