Elon Musk, who adhered to the world’s richest person title for nine months, no longer holds the title. Musk lost his position to Amazon Founder Jeff Bezos after his baby company Tesla saw a 7.2 percent fall. To talk in numbers, Musk now has a net worth of $197.7 billion while Bezos' fortune is $200.3 billion. Also to note that Amazon Founder Jeff Bezos topped Bloomberg’s ranking for the first time since 2021.