Elon Musk has been dethroned by Jeff Bezos, Amazon founder as the richest man in the world.
Bezos was named the richest man in the world on Monday, March 4th.
This is according to the Bloomberg Billionaire Index. According to the tracker, Bezos’ net worth is $200 billion, which surpasses Tesla CEO Elon Musk’s $198 billion.
Musk, who also runs X (previously Twitter) and SpaceX, has seen his fortune plummet by more than $30 billion as Tesla’s stock price has plunged 25% in recent months.
To add to Musk’s difficulties, a judge in January allowed the cancellation of his massive Tesla pay deal, worth $55.8 billion and signed in 2018.
Bezos, who no longer oversees Amazon, has benefited from the e-commerce company’s growing stock price.
Despite recently selling off $8.5 billion in shares, he remains the company’s top stakeholder.
Bernard Arnault, the French CEO of the luxury business LVMH, stays third on the list of the world’s wealthiest individuals, with $197 billion.
In other news, French lawmakers have adopted a bill making abortion a fundamental right for women in the country.
On Monday, the law was passed by an overwhelming 780-72 majority, and virtually the whole joint assembly stood in lengthy ovation.
Women’s rights advocates celebrated jubilantly across France, hailing the action promised by President Emmanuel Macron in response to a reversal of abortion rights in US court judgments.
Both chambers of parliament, the National Assembly, and the Senate have previously passed legislation amending Article 34 of the French Constitution to ensure a woman’s right to abortion.
In the run-up to the historic vote, Prime Minister Gabriel Attal addressed the 925 legislators assembled for the joint session in Versailles, urging them to make France a leader in women’s rights and set an example for other nations to follow.
“We have a moral debt to women,” Attal said. He paid tribute to Simone Veil, a prominent legislator, former health minister and key feminist who in 1975 championed the bill that decriminalized abortion in France.
“We have a chance to change history,” Attal said in a moving and determined speech. “Make Simone Veil proud,” he said to a standing ovation.
The lower house of parliament, the National Assembly, overwhelmingly approved the proposal in January. The Senate adopted the bill on Wednesday, clearing a key hurdle for legislation promised by Macron’s government, intended to make “a woman’s right to have an abortion irreversible.”
The legislation must be adopted by a three-fifths vote in the joint session.
None of France’s major political parties in parliament, including Marine Le Pen’s far-right National Rally and the conservative Republicans, have challenged the right to abortion. In prior votes in both chambers, several MPs voted against incorporating abortion directly into the constitution.
Le Pen, who won a record number of members in the National Assembly two years ago, stated on Monday that her party will support the measure but added that “there is no need to make this a historic day.”
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