Jeff Bezos Overtakes Bernard Arnault as World's 2nd Richest Person Behind Elon Musk as Tech Stocks Rally

Jeff Bezos has overtaken Bernard Arnault to become the 2nd richest person in the world, behind Elon Musk.

Bezos' net worth has increased by $49.3 billion in 2023 to $156 billion, thanks to Amazon's stock surge.

Arnault's net worth has fallen by $6.95 billion to $155 billion as demand for luxury goods has weakened.

Tech stocks have rallied in 2023, boosting the wealth of billionaires like Bezos and Musk.

Musk remains the world's richest person with a net worth of $234 billion, up $96.8 billion this year.