Jeff Bezos dethrones Elon Musk and reclaims his crown as the richest man in the world


Jeff Bezos reclaimed his title as the richest man globally, ending Elon Musk’s reign, which lasted for about six weeks.

Elon Musk lost around $ 4.5 billion on Tuesday after Tesla’s shares fell 2.4% (TSLA), which was enough to push him to second place in Bloomberg’s Billionaires Index. Bezos’ net worth also declined, but his loss was not as extreme, as he only lost around $ 372 million. This was enough for him to recover his title, which he has held for three years.

The Bloomberg Index currently shows Bezos is now worth $ 191 billion, compared to Musk’s $ 190 billion.

Musk’s skyrocketing to number one came in early January when Tesla’s shares soared.

Mr. Bezos had a relatively robust 2020. The Amazon CEO’s stake in the company grew by $ 75 billion in 2020, to $ 173.3 billion, given the massive sales increase due to the Covid-19 pandemic.

As for Bill Gates, he remains the third richest person in the world with 137 billion dollars.

Photo credit: business insider

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