French Billionaire Overtakes Jeff Bezos To Become World's Richest Man, Elon Musk Drops Again

French Billionaire Overtakes Jeff Bezos To Become World's Richest Man, Elon Musk Drops Again

  • Billionaire Elon Musk has dropped further in the ranking of richest men in the world days after losing top spot
  • Bernard Arnault now sits as the richest man alive, with a net worth of $197 billion, surpassing Elon Musk
  • Jeff Bezos, Amazon CEO who took over from Elon Musk for the first time since 2021, only lasted 24 hours

Legit.ng journalist Dave Ibemere has over a decade of business journalism experience with in-depth knowledge of the Nigerian economy, stocks, and general market trends.

The ten richest people in the world, as of Thursday, February 21, 2024, are worth over $1.44 trillion.

This is according to data from the Bloomberg Billionaire Index, which is a daily tracker of the world’s richest people.

List of richest men in the world
Elon Musk leads the list of world's richest men Photo credit:Thierry Monasse
Source: Getty Images

The data showed that as of Thursday, March 7, there are no billionaires in the world with a net worth of $200 billion.

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Billionaire list changes

Bernard Arnault has surpassed Jeff Bezos to become the world's wealthiest individual, boasting a net worth of $197 billion.

This development marks Arnault's ascendancy to the top spot, overtaking Bezos.

Earlier, Legit.ng highlighted that Jeff Bezos surpassed Elon Musk in rankings for the first time since 2021.

However, Bezos' fortunes took a swift turn as his wealth plummeted by $755 million within a 24-hour period, bringing his current net worth to $196 billion.

Elon Musk, CEO of Tesla and SpaceX, as well as the head of X (formerly Twitter), now finds himself in third place with a net worth of $189 billion

10 richest men in the world as of Thursday, March 7, 2024

Here is how much the top 10 richest men in the world are currently worth.

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  • Bernard Arnault: $197 billion
  • Jeff Bezos: $196 billion
  • Elon Musk: $189 billion
  • Mark Zuckerberg: $178 billion
  • Bill Gates: $148 billion
  • Steve Ballmer: $139 billion
  • Warren Buffett: $133 billion
  • Larry Ellison: $127 billion
  • Larry Page: $121 billion
  • Sergey Brin: $115 billion

Otedola becomes 4th richest man in Nigeria

Earlier, Legit.ng reported that Otedola has been ranked the 4th richest man in Nigeria amid bullish Nigerian stock performance.

According to the latest update of the Forbes Billionaire Index, Otedola has a net worth of $1.2 billion after making over $6 million on Thursday, January 11, 2024.

Otedola is now behind only Aliko Dangote, Mike Adenuga, and Abdulsamad Rabiu on the Forbes Billionaire list of richest men in Nigeria.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.