Bezos Dethrones Musk to Reclaim Title of World’s Richest Man 

Jeff Bezos' net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk's $198 billion. (AFP)
Jeff Bezos' net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk's $198 billion. (AFP)
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Bezos Dethrones Musk to Reclaim Title of World’s Richest Man 

Jeff Bezos' net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk's $198 billion. (AFP)
Jeff Bezos' net worth stands at $200 billion, according to the Bloomberg Billionaires Index, surpassing Elon Musk's $198 billion. (AFP)

Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires Index.

Bezos' net worth stands at $200 billion, according to the tracker, surpassing the Tesla chief's $198 billion.

Musk, who also heads X (formerly Twitter) and SpaceX, has seen his riches fall by more than $30 billion as Tesla's share price has dropped 25 percent in recent months.

Adding to Musk's woes, a court in January approved the annulment of his enormous Tesla compensation agreement, worth $55.8 billion and originally struck in 2018.

Bezos, who no longer runs Amazon, has meanwhile benefited from the ecommerce giant's rising stock price.

Even after recently selling off $8.5 billion in stocks he remains the company's largest shareholder.

The French CEO of the luxury group LVMH, Bernard Arnault, remains in third place in the rankings of the world's richest people, worth $197 billion.



Heavy Rain in Northern Japan Triggers Floods, Landslides

A road is flooded after a heavy rain in Sakata, Yamagata prefecture, northern Japan Friday, July 26, 2024. Heavy rain hit northern Japan Thursday, triggering floods and landslides, disrupting transportation systems and forcing hundreds of residents to take shelter at safer grounds. (Kyodo News via AP)
A road is flooded after a heavy rain in Sakata, Yamagata prefecture, northern Japan Friday, July 26, 2024. Heavy rain hit northern Japan Thursday, triggering floods and landslides, disrupting transportation systems and forcing hundreds of residents to take shelter at safer grounds. (Kyodo News via AP)
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Heavy Rain in Northern Japan Triggers Floods, Landslides

A road is flooded after a heavy rain in Sakata, Yamagata prefecture, northern Japan Friday, July 26, 2024. Heavy rain hit northern Japan Thursday, triggering floods and landslides, disrupting transportation systems and forcing hundreds of residents to take shelter at safer grounds. (Kyodo News via AP)
A road is flooded after a heavy rain in Sakata, Yamagata prefecture, northern Japan Friday, July 26, 2024. Heavy rain hit northern Japan Thursday, triggering floods and landslides, disrupting transportation systems and forcing hundreds of residents to take shelter at safer grounds. (Kyodo News via AP)

Heavy rain hit northern Japan Thursday, triggering floods and landslides, disrupting transportation systems and forcing hundreds of residents to take shelter at safer grounds.

The Japan Meteorological Agency issued emergency warnings of heavy rain for several municipalities in the Yamagata and Akita prefecture, where warm and humid air was flowing.

Prime Minister Fumio Kishida urged the affected area’s residents to “put safety first” and pay close attention to the latest information from the authorities.

According to the Fire and Disaster Management Agency, one person went missing in Yuzawa city — in the Akita prefecture — after being hit by a landslide at a road construction site.

Rescue workers in the city evacuated 11 people from the flooded area with the help of a boat.

In the neighboring Yamagata prefecture, more than 10 centimeters (4 inches) of rain fell in the hardest-hit Yuza and Sakata towns within an hour earlier Thursday.

Thousands of residents in the area were advised to take shelter at higher and safer grounds, but it was not immediately known how many people took that advice.

Yamagata Shinkansen bullet train services were partially suspended on Thursday, according to East Japan Railway Company.

The agency predicted up to 20 centimeters (8 inches) of more rainfall in the region through Friday evening, urging residents to remain cautious.