Jeff Bezos has overtaken Elon Musk as the world’s richest man, according to Bloomberg’s Billionaires Index.
The Amazon founder now has a net worth of $200bn (£158bn) after a surge in the share price of his company.
It marks the first time the 60-year-old has usurped his rival in three years.
This is the world’s richest man
This is the world’s richest man
Reuters
Although Mr Musk has slipped to second place, he is still worth $198bn (£156bn), according to the index.
The Tesla founder, who also owns social network X, has lost $31.3bn from his net worth over the last year, while Mr Bezos has gained $23.4bn.
Mr Bezos and Mr Musk are followed in wealth by French tycoon Bernard Arnault, Facebook founder Mark Zuckerberg and co-founder of Microsoft Bill Gates.
