Jeff Bezos, the founder of Amazon, on Thursday, replaced Bernard Arnault, a French entrepreneur, as the world’s richest person.
According to data from Bloomberg Billionaires Index, Bezos has a net worth of $201 billion.
His net worth rose by $2 billion, from $199 billion on March 20.
The publication said Bezos’ source of wealth is from his e-commerce and cloud computing company, Amazon, as well as investments in media and streaming markets.
Arnault dropped from the top position after a $3 billion decline in his net worth, which fell from $202 billion to $199 billion within 24 hours.
Despite the significant drop in his net worth, Arnault, the owner of Louis Vuitton and Moët Hennessy (LVMH), was ranked second on the list of the richest people in the world.
Arnault is described as an investor and art collector, with an empire of 75 fashion and cosmetics brands, which includes Sephora.
The French businessman also owns jeweller, Tiffany & Co. after acquiring the company for $16 billion in 2021.
Elon Musk, owner of Tesla, follows the Frenchman closely in third position, with a net worth of $189 billion.
Meanwhile, Mark Zuckerberg, Facebook founder, and Bill Gates, Microsoft founder, with an estimated wealth of $179 billion and $153 billion, respectively, complete the top five.
The current top 10 richest people in the world are:
Jeff Bezos-$201 billion
Bernard Arnault-$199 billion
Elon Musk-$189 billion
Mark Zuckerberg-$179 billion
Bill Gates-$153 billion
Steve Ballmer-$147 billion
Larry Ellison-$142 billion
Warren Buffett-$138 billion
Larry Page-$135 billion
Sergey Brin-$128 billion
