Bezos Briefly Dethrones Musk as Richest American in Ongoing Billionaire Battle
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Jeff Bezos briefly surpassed Elon Musk as the richest American on Wednesday morning, according to Forbes' real-time billionaire rankings.
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Musk quickly reclaimed the title as Tesla stock pared some losses. It was the first time since August 2021 Musk dropped out of the top 2 richest people.
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Musk has lost around $55 billion in net worth so far in 2023 due to Tesla's falling share price. About two-thirds of his fortune stems from Tesla.
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Bezos' fortune is largely tied to his Amazon stake. Amazon stock has significantly outperformed Tesla over the past year.
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Bezos and Musk are rivals not only on the billionaire rankings, but also in the private space industry through their companies Blue Origin and SpaceX.