Elon Musk loses world’s richest person title to Jeff Bezos

Elon Musk has been dethroned as the world’s richest person by Jeff Bezos. The decline in Musk's wealth came after a 7.2% fall in Tesla Inc.\ shares, dropping his net worth to $197.7 billion. In contrast, Jeff Bezos, the 60-year-old founder of Amazon.com Inc, saw his fortune rise to $200.3 billion, reclaiming the top spot for the first time since 2021.