And the world’s richest person is…
Following the announcement that he will leave his post later this year, Amazon CEO Jeff Bezos reclaimed the top position as the world’s richest person when he climbed above Tesla CEO Elon Musk earlier this year.
Forbes’ billionaires rankings list tracks movement of the world’s richest people from at a real-time look, where it updates the rankings every five minutes after the stock markets opens. As of Thursday afternoon, Bezos’ net worth sat at $193.5 billion, for a 0.59% change — or $1.1 billion climb.
How much does Jeff Bezos actually make?
According to Business Insider, Bezos has made $152,207 per minute — and $2,537 per second — based on the year-over-year change in his net worth.
The leapfrog of his current networth comes after a rocky week for Tesla, after shares closed at $796.22, which comes to just over 2.4%. On Wednesday, shares continued to struggle — dropping to $768.60 — before climbing on Tuesday’s closing, CNBC reported.
As of Thursday, Tesla shares sat at $792.55, a .70% dive from the opening whistle, resulting in Musk sitting as the world’s second richest person at $172.4 billion.
Musk, 49, became the world’s richest man in January when Tesla share prices surged. Tesla became the world’s most valued automaker by market cap in 2020, and is considered the front runner for the electric car revolution.
Bezos made noteworthy history in the summer when he became the first person to surpass the $200 billion threshold, when his net worth soared over $202 billion. Per Forbes, his current net worth is just over $193 billion.
What is his next move?
Amazon announced earlier this month that Bezos would step down as the company’s CEO later this year, a position he’s held for nearly three decades.
Bezos, who founded the company, will exit as Andy Jassy, the company’s top cloud executive, will transition to the role. Bezos will retain a role at Amazon as the company’s executive chair of the Amazon board, where he aims to focus on new products and initiatives.
“As much as I still tap dance into the office, I’m excited about this transition. Millions of customers depend on us for our services, and more than a million employees depend on us for their livelihoods,” Bezos said in an email posted on Amazon’s website. “Being the CEO of Amazon is a deep responsibility, and it’s consuming. When you have a responsibility like that, it’s hard to put attention on anything else.
“As Exec Chair I will stay engaged in important Amazon initiatives but also have the time and energy I need to focus on the Day 1 Fund, the Bezos Earth Fund, Blue Origin, The Washington Post, and my other passions. I’ve never had more energy, and this isn’t about retiring. I’m super passionate about the impact I think these organizations can have.”