Jeff Bezos Returns to Second Place with $370 Billion

Forbes' ranking as of October 1 shows that seven of the top ten billionaires in the world changed positions in the past month. Jeff Bezos rose from third to second place, with a net worth of approximately $370 billion, an increase of about $102 billion over the month, marking his return to second place for the first time since May 2025.

The rise is attributed to private valuations, not Amazon's stock price on that day. Blue Origin was valued by private investors at over $130 billion, and industrial AI company Prometheus at over $41 billion. He became the fourth person in history to surpass a net worth of $300 billion, following Elon Musk, Larry Page, and Larry Ellison.

Page dropped from second to third. He had held second place continuously for ten months but saw his wealth increase by only about $8 billion to $286 billion this month. Sergey Brin fell from fourth to fifth, with an increase of about $7 billion to $263 billion.

Michael Dell rose from fifth to fourth, with an increase of about $28 billion to $268 billion. Dell Technologies' stock price rose 18% over the month, driven by demand for AI servers. Jensen Huang moved up from eighth to seventh, while Larry Ellison dropped from seventh to eighth. Warren Buffett entered the top ten at tenth place. Mark Zuckerberg remains sixth, and Steve Ballmer remains ninth.

Elon Musk retains the top position with about $936 billion, an increase of about $44 billion over the month, driven by SpaceX and Tesla. Bill Gates has not returned to the top ten since his wealth was adjusted down in October 2024. Forbes notes that stock prices are changing these numbers daily.

The buyers are private investors and stock buyers revaluing Blue Origin, Prometheus, and AI servers, while the sellers are shareholders who have been pushed down in the rankings. The event is driven by month-end valuations. Funds are shifting from slow increases in cloud and advertising stocks to rockets, industrial AI, and servers, benefiting Bezos and Dell's equity that received new private valuations, while Page and Brin, who rely solely on Google stock, are under pressure as their increases are not enough to surpass others.

Source: Public Information