According to Forbes, two weeks after losing the title of the world’s richest person to LVMH CEO Bernard Arnault, Amazon’s Jeff Bezos reclaimed the top spot on Thursday, June 10.
Amazon shares closed more than 2% higher, increasing Bezos’ net worth by $3.5 billion, while shares in Arnault’s luxury conglomerate LVMH fell nearly 1%, slashing his fortune by $1.4 billion.
According to Forbes, Bezos’ net worth is now $193.5 billion, while Arnault’s is $192.9 billion. The last few weeks have been a roller coaster ride for the two titans, who have been trading the top spot back and forth.
Arnault briefly passed Bezos on May 24 and 25, just before the markets opened in New York, and Amazon shares rose, giving the Amazon founder the upper hand.
Then, on May 27, Arnault took the lead and held it for two weeks. Earlier this year, Bezos was locked in a two-week battle for the top spot with a different mogul: Tesla and SpaceX CEO Elon Musk.
The majority of Bezos’ net worth is tied to his Amazon shares—he owns about 10% of the e-commerce giant—along with an estimated $19 billion in cash and investments, $500 million in real estate, as well as aerospace company Blue Origin and the Washington Post.
On Monday, Bezos announced that he would be aboard Blue Origin’s first crewed space flight on July 20, along with his younger brother Mark and a third seat reserved for the winner of an online auction that will end on June 22.
Bezos has seen enormous gains in his personal wealth over the last two years as the richest person on Earth—and soon one of the few billionaires to ever be in space.
Bezos has amassed $80.5 billion in wealth since the depths of the Covid-induced market crash in March 2020. Over that time, Arnault has amassed a fortune of $116.9 billion, while Musk has amassed a fortune of $128.7 billion.
Bezos briefly broke the $200 billion net worth barrier twice in the last year, first in August 2020 and then again in late April.