Jeff Bezos is again the world’s richest person, reclaiming the top spot after losing it to fashion tycoon Bernard Arnault at the end of July. Although Amazon stock fell by 1.3% on Wednesday, lowering Bezos’ net worth by $1.3 billion, shares of Arnault’s luxury conglomerate, LVMH, dropped by 5.2% in European trading, slashing the Frenchman’s fortune by $9.9 billion.
Amazon stock closed at $3,201.22 per share, continuing to slump after the company posted disappointing quarterly earnings on July 30; prior to that, shares were trading at more than $3,600 apiece. Still, at the close of markets on Wednesday, Bezos’ net worth was an estimated $186.1 billion, edging out Arnault’s estimated $185 billion. Elon Musk is just $3.8 billion behind, in third place, after shares in Tesla gained 3.5%, pushing the Tesla CEO’s net worth to an estimated $181.2 billion.
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