jeff bezos new yacht koru

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The best pictures of Koru

In 2022, the 125.8-metre sailing yacht Koru made history when she hit the water at Oceanco ’s Alblasserdam facilities. Now successfully delivered, she is the flagship of the Oceanco fleet and the largest Dutch-built yacht in the world. 

BOAT rounds up the best pictures of the three-masted sailing yacht owned by Amazon founder Jeff Bezos...

Koru unable to dock in Florida

Koru arrived at Port Everglades, Florida in November 2023 following a months-long Mediterranean cruise that included stopovers in Dubrovnik, Saint-Cyr-sur-Mer and Calabria (according to BOATPro ). The sailing yacht was too large to anchor in the nearby marina, which has a maximum capacity of 121.9 metres. She was photographed instead docking next to a 297-metre cruise ship named Rhapsody of the Seas .

Koru's helicopter landing

Last summer, Koru was spotted in the French Riveria alongside her 75-metre support vessel Abeona . Delivered by Damen Yachting two months before the mothership, Abeona is equipped with a helipad and hangar for a D14 value helicopter– which is clearly being put to good use. Accommodation is for up to 45 people onboard Bezos' support vessel, including crew, guests and other specialist staff.

Koru in Portofino

Koru and Abeona also travelled to Portofino in the summer of 2023, with both Jeff Bezos and Lauren Sánchez sighted enjoying lunch and taking photographs while on board. 

Koru's figurehead

Throughout construction, it was difficult to get a glimpse of the details on board Koru ; but once handed over, all of her traditional features could be admired up close. As well as the intricate gold paintwork and scarlet bootstripe, the yacht also features an elaborate figurehead made of polished wood. The woman is wearing a necklace with a symbol in the pendant, which some have speculated could be the Māori symbol meaning "koru".

Koru in front of Palma Cathedral

After delivery, the schooner spent some time enjoying the waters of Mallorca. The Balearic hotspot is a magnet for superyachts during the Mediterranean season, but Koru had the quiet anchorage largely to herself after leaving the Oceanco shipyard. Her classic lines could be appreciated in all of their glory against the backdrop of Palma Cathedral. 

Koru delivered to Mallorca

In April 2023. Koru was delivered and undertook her maiden voyage from the Netherlands to Gibraltar. She then headed onwards to Palma, giving the world a first glimpse of her cascading aft decks, mighty masts and elaborate aft deck pool arrangement. She was flying solo in Mallorca, but was later joined by support vessel Abeona .

Koru in Gibraltar

Following her successful sea trials in Rotterdam, Koru embarked on journey to Palma, Mallorca that involved an overnight anchorage in Gibraltar. The sailing yacht was sighted passing through the Strait of Gibraltar a second time on her cross-continental journey from the Mediterranean to the USA in November 2023.

Koru on sea trials

Koru was spotted departing from Rotterdam in the early morning light of February 13 to begin sea trials. The 125.8-metre Oceanco set sail across the North Sea to put her performance to the test after hitting the water for the first time in August 2022. The traditional three-masted schooner yacht has a midnight blue hull, traditional canoe stern and the unique addition of a chair at the very tip of the bowsprit. Her name represents the idea of life’s perpetual movement and is a Māori word closely related to that of an unfurling leaf.

Koru with her masts stepped

The yacht was seen for the first time in her final form on the dock in the Port of Rotterdam. Her trio of masts was stepped here to avoid having to dismantle any bridges to allow the Oceanco giant yacht to pass under. The maximum height of the bridge is 70 metres; the masts on Koru are thought to measure between 65 and 85 metres. The first images of Koru indicate the yacht will have plenty of features for her owner to enjoy, including an aft deck pool and a large, uncluttered sundeck.

Koru launched

The 125.8-metre yacht was moved from Oceanco’s primary facilities at the crack of dawn to enter the final stages of construction. The hull was transported via Dordrecht and Spijkenisse (Oude Maas), and her masts were transported separately via the slightly shorter Rotterdam Centre (Nieuwe Maas).

Koru moves through the Dutch canals

Before she hit the water, the hull of Koru was loaded onto a transport vessel and she made the journey through the Dutch canals for further construction work. The yacht was captured against the backdrop of the quaint Dutch countryside, revealing her classic-looking lines and long rows of windows.

Koru from a bird's eye view

As she was wheeled out of the shed into the light of day, yacht-spotters were able to get their first proper aerial shot of the yacht, without her masts. 

Koru rolls out of the shed

When Oceanco completed the work on the hull, the yacht was rolled out of the shed to reveal a crisp navy hull and white superstructure. Koru ’s exterior design immediately drew a comparison to Lürssen’s 93-metre sailing yacht Eos , which was designed by US-based Langan Design . This was the world’s first sighting of the already iconic superyacht.

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Jeff Bezos' yacht reportedly cost $500 million and is the largest sailing yacht in the world. Here's what we know.

• Jeff Bezos ' new $500 million megayacht Koru set sail this summer.
• At 417 feet long, it's the world's largest sailing yacht and even boasts a sculpture resembling his fiancée, Lauren Sanchez.
• Here's everything we know about Bezos' yacht.

Jeff Bezos' new megayacht set sail this summer, with the founder and former Amazon CEO and his fiancée Lauren Sanchez crisscrossing Europe to show it off.

At 417 feet long, the vessel is the world's largest sailing yacht and cost an estimated $500 million. The yacht is named Koru , which means "loop" or "coil" in the Māori language and often signifies new beginnings.

Koru joins a large class of flashy billionaires' yachts , including the 305-foot-long Eos, which belongs to billionaire Barry Diller and fashion designer Diane von Furstenberg.

Oracle cofounder Larry Ellison owns a yacht called Musashi, which is 288 feet long.

Bezos commissioned the enormous boat from the Dutch custom yacht builder Oceanco, and it took years to construct.

Related stories

In February, the yacht underwent its first sea trials, a series of tests usually conducted in the last phases of construction. Koru made its maiden voyage in April, traveling from the Netherlands to Gibraltar.

The vessel has a pool on deck, and the prow features a mermaid sculpture that bears a striking resemblance to Bezos' then-girlfriend Sanchez. A second "support yacht," which has an on-deck helipad, accompanies Koru on its travels.

Sanchez has said the sculpture affixed to Bezos' yacht isn't her. "I'm very flattered, but it's not," she told Vogue. The sculpture is apparently of the Norse goddess Freyja, one of Bezos' favorite figures from mythology.

Bezos and Sanchez were first seen aboard the yacht along the coast of Spain in May, shortly before news broke that the couple had gotten engaged. The couple spent the rest of the summer on board traveling to various destinations, stopping at the Cannes Film Festival, sailing down the Italian Riviera, and making their way to Croatia.

In August, the yacht played host to an engagement party for Bezos and Sanchez , which reportedly drew guests including Bill Gates, Whitney Wolfe Herd, Ari Emanuel, and Leonardo DiCaprio.

While yacht season was apparently enjoyable for the couple, it was only after the vessel stirred up quite a bit of controversy: Koru's masts were so tall that the yacht nearly required the dismantling of a historic bridge in the Netherlands in order for it to pass through.

Locals planned to egg Bezos' superyacht if the bridge came down. Following the public outcry, Oceanco withdrew its request for the city to take apart the bridge.

And despite this massive purchase, Bezos' net worth is still well over $100 billion.

Watch: What it takes to build a 164-foot superyacht

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Sailing yacht KORU: What we know so far about Jeff Bezos’ 127 meter yacht

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By Nina Done   15 December 2022

Recent footage showcasing the vast proportions of the Amazon founder’s new 127m (417ft) Oceanco sailing yacht KORU , known throughout her build as Project Y721, has provided some valuable insight into one of the yachting industry’s best-kept secrets.

The megayacht’s specifications and amenities had been kept completely under wraps until she was forced to move from the Dutch yard’s primary facilities in Alblasserdam to get her masts fitted elsewhere in order to avoid dismantling the Koningshaven Bridge after huge public backlash. 

In August, the yacht was spotted in the Port of Rotterdam after her trio of masts had been successfully stepped, with pictures barely doing justice to the monolithic proportions of the sailing spars, reportedly up to 70-80 meters tall.

World yacht rankings

KORU will replace Oceanco’s BLACK PEARL for second place in the world's largest sailing yacht rankings behind Nobiskrug's 143m (469ft) sailing yacht A .

Oceanco's newest yacht is understood to have an internal volume of 3,300 GT and will undoubtedly offer a wealth of luxurious accommodation and amenities. Although we have scant information about the yacht's features, we do know that she will have an aft dip pool along with a further Jacuzzi on her sundeck and variety of alfresco social spaces. She also has a crow's nest attached to her central mast, offering lofty panoramic views for her more adventurous guests.

From the pictures we can see KORU also benefits from full-length windows across her superstructure allowing plenty of light to infuse her interiors. 

Design inspiration

Built with a steel hull and aluminum superstructure with teak decking, she reportedly takes her design cues from the 93-meter Lürssen sailing yacht EOS , perhaps inspired by the entrepreneur’s visits to this yacht in previous years. 

Showcasing a midnight-blue hull with a distinctive red stripe running along her waterline, KORU’s exterior styling mirrors this traditional schooner style, with an elongated bowsprite and canoe stern. Another similar style yacht is the 90m (295ft) Royal Huisman sailing yacht ATHENA . 

Kinetic energy technology

As expected from a tech entrepreneur, known for pushing boundaries and driving innovation, sailing yacht KORU will be trialing a prototype for a new kinetic energy recovery system. This is based on a conversion of wave induced motion, heave, pitch and roll into electric energy, with initial tests showing early promise. 

With a nod to her green credentials, this will provide an additional power source for the yacht allowing for more sustainable cruising.

Tenders and toys

Access to sailing yacht KORU will be via folding passerelles, discreetly hidden in the yacht's hull on either side. Rescue and work tender launches will likely take place further forward, as per regulations. Recent pictures show a large hatch opening in her lower deck aft, which may contain further tenders and toys, but may also double as a beach club. 

Sailing yacht KORU comes complete with a support vessel built by Damen Yachts, reportedly known as 75 meter (247ft) yacht WINGMAN .

Once delivered, it is understood that she will act as an official support boat for the sailing yacht , carrying the larger toys, including a submarine for thrilling excursions beneath the waves, plus a helicopter and landing pad. She is also believed to play host to an array of PWCs, with rumors of a speed boat and luxury car adding to the fleet, as well as providing accommodation for additional crew and staff.

When is sailing yacht KORU expected to be delivered?

From here she will undertake the all-important rounds of sea trials before being delivered to her owner sometime in the new year. It is understood that the yacht will be officially christened KORU upon delivery, and will operate under the Cayman Islands' flag. It is not believed that superyacht KORU will be available to charter. 

If you'd like to learn more about chartering a yacht, please get in touch with your chosen yacht charter broker . Alternatively, view all superyachts available for charter .

Large sailing yachts available for charter

88m Perini Navi 2006 / 2023

86m Oceanco 2016

76m Damen Oranjewerf 2000 / 2009

65m Camper & Nicholsons 1927 / 1985

64m Van der Graaf 2010

64m Segel Masten Yachten 2011 / 2021

63m Holland Jachtbouw 2010 / 2023

57m Aegean Yacht 2009

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Jeff Bezos’s New 417-Foot Superyacht Is Now Undergoing Sea Trials

"koru" could be sent back to the shipyard for final tweaks before being delivered to the amazon billionaire., tori latham, tori latham's most recent stories.

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Reports from earlier this month suggested that Jeff Bezos was finally getting his hands on his new $500 million superyacht . But it seems the Amazon founder is going to have to wait just a little bit longer for his new toy.

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During sea trials , a ship is tested to ensure that everything is working as it should be. Depending on what happens during this go-round, Koru could be sent back to the shipyard for final adjustments before making its way to Bezos, a person familiar with the boat’s travels told Bloomberg, requesting anonymity to discuss private matters. (An Amazon spokesperson didn’t respond to Bloomberg’s request for comment.)

As yacht fans surely know already, Koru is a pretty big deal in the maritime world: It’s currently the largest sailing yacht afloat, and one of the biggest ever built by the Netherlands-based Oceanco . On board, among other amenities, you’ll find a large pool and more than a few outdoor lounges. One feature that’s missing, though? A helipad. Because the sails of the ship are so large (they’re the same height as the Great Pyramid of Giza, for some perspective), there wasn’t room for landing a helicopter. As such, Bezos has commissioned a support boat for the task. That vessel is currently crossing the Atlantic and heading for Gibraltar, according to tracking data cited by Bloomberg.

Koru ’s size has created more than one headache for Bezos so far. Along with the helipad issue, the boat was going to cause a historic steel bridge in Rotterdam to be dismantled . The city initially acquiesced to Oceanco’s request, but there was enough public outrage over the demand that the shipbuilder ended up retracting its ask. Instead, Koru was pulled out to sea without its massive masts.

Tori Latham is a digital staff writer at Robb Report. She was previously a copy editor at The Atlantic, and has written for publications including The Cut and The Hollywood Reporter. When not…

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Jeff bezos’ massive new $500m superyacht — complete with helipad and pool — spotted in north sea.

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Hoist up the Jeff B sails.

Amazon honcho Jeff Bezos’ $500 million superyacht Koru, codenamed Y721, is finally seaworthy — spotted in the North Sea after leaving Rotterdam on Feb. 13,  footage posted by the organization Dutch Yachting  shows.

The massive, 417-foot vessel’s test run came months after it was originally set to be delivered to the 59-year-old billionaire. 

It requires a 250-foot support vessel that houses a helicopter landing pad for the Blue Origin founder.

Bezos’ mega boat created controversy last year after a report that Dutch officials would  have to dismantle  the historic Koningshaven Bridge because the 130-foot steel structure wouldn’t allow the vessel and its 229-foot masts to pass through.

Following an uproar from residents, local leaders decided the plan was a bridge too far — and the boat was towed from its construction location to another shipyard in a nearby town without its masts,  according to Jalopnik .

The uproar likely played a big part in how and when it would float away.

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Citizens of Rotterdam reportedly swore in February that, should Bezos’ superyacht traverse the De Hef bridge, they would pelt it with eggs in protest . 

And when it finally came time to move the vessel out of its Dutch shipbuilding yard, the decision was made to tow it away under cover of darkness, the Cut reported.

Koru costs about $25 million a year to run. The pleasure boat can accommodate 18 guests — and requires a crew of 40 sailors.

It is far from the world’s most expensive yacht. That dubious honor is reserved for the $4.8 billion History Supreme — a gold- and platinum-plated vessel featuring a Tyrannosaurus rex bone wall made of meteoric stone. It was bought in 2011 by an anonymous Malaysian businessman,  according to the Richest .

Yet the half-billion-dollar price tag is a relative drop in the ocean for the Amazon founder, whose net worth was valued at  $181 billion  by Forbes.

Koru will join a fleet of superyachts , helicopters and planes already owned by the entrepreneur and his millionaire girlfriend, Lauren Sanchez.

The aluminum and steel schooner reportedly boasts three decks, including one with a swimming pool. 

The smaller, 250-foot support vessel that will sit alongside the mammoth one will include a helicopter landing pad for Bezos or his celebrity guests. This smaller yacht is also expected to be loaded with an array of toys including luxury cars, jet skis, speedboats, and perhaps even a personal submarine, the Daily Mail has reported .

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Jeff Bezos' multi-million dollar yacht, Koru, docks at Port Everglades

According to boat international, the koru is the world’s largest sailing yacht, and reportedly cost an estimated $500 million to build, by monica galarza • published november 28, 2023 • updated on november 29, 2023 at 12:37 pm.

Amazon founder Jeff Bezos' massive yacht has officially dropped anchor in Port Everglades.

Video captured by NBC6 shows the enormous 417-foot yacht docked in Port Everglades Tuesday weeks after the billionaire announced he was moving back to the Sunshine State, after spending nearly three decades in Seattle.

According to Boat International , the Koru is the world’s largest sailing yacht, and reportedly cost an estimated $500 million to build.

Bezos stepped down as the CEO of Amazon almost three years ago and said in a social media post that operations for his rocket company, Blue Origin, are “increasingly shifting” to Cape Canaveral, which is about 200 miles north of Miami.

Get South Florida local news, weather forecasts and entertainment stories to your inbox. Sign up for NBC South Florida newsletters.

Coincidentally, on Tuesday, an Amazon spokesperson confirmed to NBC6 that the company is searching for 50,000 square feet of leased office space in the Miami area as part of its organic growth over the past few years in the region.

Amazon currently has more than 400 corporate and tech employees assigned to our existing serviced office locations in the Miami area, but this office space would first base location in the city.

In October, Bloomberg News reported that Bezos had purchased a mansion in the area known as “Billionaire Bunker” for $79 million, after buying a neighboring estate for $68 million.

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And in an Instagram post, the 59-year-old announced plans to return to Miami — where he spent his high school years — to be closer to his parents and his partner, Lauren Sánchez.

View this post on Instagram A post shared by Jeff Bezos (@jeffbezos)

Seattle has been Bezos' home since 1994 when he started Amazon out of his garage.

The Instagram post includes a brief video tour led by Bezos of Amazon's first office, with his father behind the camera.

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2 years after being seized, the Russian oligarch’s $580 million megayacht which is even bigger than Jeff Bezos’ Koru left Trieste and sailed for Venice. Just so that it would not escape on the high seas the 469 feet long vessel was guarded by armed ships of the Italian forces.

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The superyacht world is speculating that Mark Zuckerberg just bought this 118-meter boat

• The 118-meter superyacht Launchpad made her maiden voyage last week.
• The yacht world is speculating that her owner is Meta CEO Mark Zuckerberg.
• Here's what we know about the luxury vessel.

In the world of superyachts , privacy is the most valuable asset. It can be next to impossible to discern the details of a superyacht transaction — and that's particularly true if the vessel in question is worth nine figures.

Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters long, about nine meters shorter than Jeff Bezos' superyacht Koru .

The transaction could not be confirmed, with yacht world insiders declining to share what they know and representatives for Zuckerberg not responding to a request for comment from Business Insider. In the past, reports about Zuckerberg owning superyacht Ulysses have proven false.

"It is Feadship's standard policy to never divulge any information about our yachts with reference to ownership, costs, or delivery, etc," Feadship, the ship's builder, wrote to BI. "Whether it is an 18-meter Feadship from the 1960s or a 118-meter Feadship from the 21st century, we do not share private information."

But Zuckerberg's name has been connected to Launchpad for a few months now, beginning in December when reports swirled that he visited Feadship's shipyard in the Netherlands.

Then, earlier in March, yachting bloggers like eSysman SuperYachts and Autoevolution started speculating that he officially snagged the boat, originally built for a sanctioned Russian businessman, at a $300 million price tag. (While that's a seemingly huge amount, it's still less than 0.2% of Zuckerberg's $177 billion net worth.)

Another clue that might point to US ownership is that the yacht bears the flag of the Marshall Islands, a US territory and commonplace for American buyers to register their ships, according to public marine tracking.

If Zuckerberg were to have bought Launchpad, he would join a cohort of superyacht-owning tech billionaires . Along with Bezos, the likes of Oracle cofounder Larry Ellison and Google cofounders Sergey Brin and Larry Page have purchased impressive boats with even more impressive amenities.

SuperYacht Times , an industry publication and intelligence platform, has some of the best images of the yacht. Photos show a swimming pool on her main deck and a large helipad.

While less is known of the interior, a vessel of her size can likely sleep dozens of guests and crew and may have amenities like an expansive gym where Zuckerberg could practice his jiu-jitsu or a spa with a massage area. We suspect there's also space for plenty of toys — which could include his viral hydrofoil foil .

Do you have any details about Launchpad or any other superyachts? Email reporter Madeline Berg at [email protected].

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The superyacht world is speculating that Mark Zuckerberg just bought this 118-meter boat

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In the world of superyachts , privacy is the most valuable asset. It can be next to impossible to discern the details of a superyacht transaction — and that’s particularly true if the vessel in question is worth nine figures.

Yet some in the boat blogging world are speculating that Meta CEO Mark Zuckerberg is the new owner of Launchpad, a megayacht currently moored in Fort Lauderdale, Florida after she made her maiden voyage from Gibraltar to St Maarten last week. Launchpad clocks in at 118 meters long, about nine meters shorter than Jeff Bezos’ superyacht Koru .

The transaction could not be confirmed, with yacht world insiders declining to share what they know and representatives for Zuckerberg not responding to a request for comment from Business Insider. In the past, reports about Zuckerberg owning superyacht Ulysses have proven false.

“It is Feadship’s standard policy to never divulge any information about our yachts with reference to ownership, costs, or delivery, etc,” Feadship, the ship’s builder, wrote to BI. “Whether it is an 18-meter Feadship from the 1960s or a 118-meter Feadship from the 21st century, we do not share private information.”

But Zuckerberg’s name has been connected to Launchpad for a few months now, beginning in December when reports swirled that he visited Feadship’s shipyard in the Netherlands.

Then, earlier in March, yachting bloggers like eSysman SuperYachts and Autoevolution started speculating that he officially snagged the boat, originally built for a sanctioned Russian businessman, at a $300 million price tag. (While that’s a seemingly huge amount, it’s still less than 0.2% of Zuckerberg’s $177 billion net worth.)

Another clue that might point to US ownership is that the yacht bears the flag of the Marshall Islands, a US territory and commonplace for American buyers to register their ships, according to public marine tracking.

If Zuckerberg were to have bought Launchpad, he would join a cohort of superyacht-owning tech billionaires . Along with Bezos, the likes of Oracle cofounder Larry Ellison and Google cofounders Sergey Brin and Larry Page have purchased impressive boats with even more impressive amenities.

SuperYacht Times , an industry publication and intelligence platform, has some of the best images of the yacht. Photos show a swimming pool on her main deck and a large helipad.

While less is known of the interior, a vessel of her size can likely sleep dozens of guests and crew and may have amenities like an expansive gym where Zuckerberg could practice his jiu-jitsu or a spa with a massage area. We suspect there’s also space for plenty of toys — which could include his viral hydrofoil foil .

Do you have any details about Launchpad or any other superyachts? Email reporter Madeline Berg at [email protected] .

The post The superyacht world is speculating that Mark Zuckerberg just bought this 118-meter boat appeared first on Business Insider .

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Jeff Bezos’s rocket company could race SpaceX to the moon.

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By Kenneth Chang

• March 14, 2024

Which billionaire space company will get to the moon first: Elon Musk’s SpaceX or Jeff Bezos’ Blue Origin?

At first glance, SpaceX seems to have a huge head start. It is about to launch the third test flight of Starship. A variation of Starship is scheduled to take NASA astronauts to the surface of the moon as soon as September 2026.

By contrast, Blue Origin has yet to launch anything into orbit, and its contract with NASA for a lunar lander for astronauts is for a mission that is launching in 2030.

But Blue Origin might still get there first. SpaceX faces major challenges with Starship, which is as tall as 16-story building, while Blue Origin plans to send a smaller cargo lander to the moon by the end of next year.

“This lander, we’re expecting to land on the moon between 12 and 16 months from today,” John Couluris, senior vice president of lunar permanence at Blue Origin, said during a n interview on the CBS News program “60 Minutes” this month.

The first launch of the Mark 1 version of the Blue Moon lander is what Blue Origin calls a “pathfinder” to test technologies like the BE-7 engine, the flight computers, avionics and power systems — the same systems that will be used in the much larger Mark 2 lander that will take astronauts to the moon’s surface.

The Mark 1 lander can carry up to three tons of cargo to the lunar surface, but will be small enough to fit inside one of Blue Origin’s New Glenn rockets . New Glenn has yet to fly, but the company says its debut journey will occur later this year.

After Blue Moon Mark 1 is launched into an orbit about 125 miles above Earth’s surface, the lander’s BE-7 engine will propel it toward the moon, slowing it down to enter orbit around the moon and then guiding it to the landing on the surface.

The smaller size means that the Mark 1 lander, unlike Starship, will not need to be refueled before leaving Earth orbit. Demonstrating that refueling technology in orbit will be a key test to validate Starship’s design. Refueling will also be needed for the Blue Moon Mark 2 lander.

Mr. Musk and Mr. Bezos have already been beaten to the moon by another billionaire, Kam Ghaffarian , one of the founders of Intuitive Machines, which put a small robotic lander named Odysseus near the lunar south pole in February . That was the first private spacecraft to successfully make it to the moon’s surface in one piece (although its journey had some hiccups ).

Kenneth Chang , a science reporter at The Times, covers NASA and the solar system, and research closer to Earth. More about Kenneth Chang

Elon Musk Passes Jeff Bezos As Richest Person In U.S.—Again

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Tesla CEO Elon Musk regained his position Monday as the wealthiest person in America—and second-wealthiest in the world—beating out Amazon founder and chairman Jeff Bezos, who briefly took the spot from Musk a number of times in recent weeks.

Elon Musk overtook Amazon’s Jeff Bezos for the No. 2 spot on Monday after Tesla stock increased more ... [+] than 5%.

Musk’s fortune was up about $5.5 billion on Monday, helping him surpass Bezos, whose fortune increased about $450 million, according to the Forbes Real-Time Billionaire List .

Forbes estimates Musk to be worth about $194 billion as of early Monday afternoon, and we estimate Bezos to be worth about $193.2 billion.

The wealthiest person on earth is still LVMH’s Bernard Arnault, who was worth an estimated $234.9 billion as of Monday afternoon.

Musk’s return to second-wealthiest comes as Tesla’s stock price increased drastically Monday after news broke of a price bump for its Model Y electric vehicle in some areas, a move that reverses course on previously announced price cuts.

5.59%. That’s how much Tesla stock was up as of 12:30 p.m. EST on Monday, marking the stock’s biggest single-day percentage jump since Nov. 14, 2023, when it rose 6.12%. By comparison, Amazon stock was up just 0.24% on Monday.

Key Background

Musk fell to Bezos for the third time in March last week when Tesla shares dropped to a fresh 10-month low, falling 4.5% to below $170 after Wells Fargo analysts called Musk’s electric vehicle company a “growth company with no growth.” Tesla stock has struggled since the start of the year, along with some of its other electric vehicle competitors like Rivian, Lucid and Nio, which have been down more than 70% each from their peaks in 2021. But Tesla is still the worst-performing stock in the S&P 500 as its share price has sunk about 30% overall in 2024 and it is not one of the top 10 U.S. companies by market capitalization anymore. Musk owns about 21% of Tesla between stock and options.

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First refuelling for Russia’s Akademik Lomonosov floating NPP

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The FNPP includes two KLT-40S reactor units. In such reactors, nuclear fuel is not replaced in the same way as in standard NPPs – partial replacement of fuel once every 12-18 months. Instead, once every few years the entire reactor core is replaced with and a full load of fresh fuel.

The KLT-40S reactor cores have a number of advantages compared with standard NPPs. For the first time, a cassette core was used, which made it possible to increase the fuel cycle to 3-3.5 years before refuelling, and also reduce by one and a half times the fuel component in the cost of the electricity produced. The operating experience of the FNPP provided the basis for the design of the new series of nuclear icebreaker reactors (series 22220). Currently, three such icebreakers have been launched.

The Akademik Lomonosov was connected to the power grid in December 2019, and put into commercial operation in May 2020.

Electricity generation from the FNPP at the end of 2023 amounted to 194 GWh. The population of Pevek is just over 4,000 people. However, the plant can potentially provide electricity to a city with a population of up to 100,000. The FNPP solved two problems. Firstly, it replaced the retiring capacities of the Bilibino Nuclear Power Plant, which has been operating since 1974, as well as the Chaunskaya Thermal Power Plant, which is more than 70 years old. It also supplies power to the main mining enterprises located in western Chukotka. In September, a 490 km 110 kilovolt power transmission line was put into operation connecting Pevek and Bilibino.

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