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Jeff Bezos Overtakes Elon Musk To Reclaim Spot As Become World’s Richest Person

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Amazon CEO, Jeff Bezos has reclaimed his title of world’s richest person, bringing Tesla chief Elon Musk’s reign to an end just after six weeks.

On Tuesday, Musk, 49, lost about $4.5 billion on after Tesla’s shares fell 2.4%, putting the tech tycoon in second place on Bloomberg Billionaires Index ranking with a fortune of $190 billion.

Also, Bezos, 57, saw his net worth tick from $372 million to $191 billion, thanks to a roughly 0.3 percent drop in Amazon shares, according to Bloomberg.

However, the loss was enough to regain his title of world’s richest person, a position he held for about three years.

The index currently says Bezos is worth $191 billion compared to Musk’s $190 billion.

Musk’s surge to first place happened in early January, when Tesla’s stock was skyrocketing. The 170 million shares of Tesla he already owns increased in value by $106 billion during 2020, as shares shot up 743% during the course of the year.

Bezos had a rather robust 2020, too. The Amazon CEO’s stake in the company increased by $75 billion in 2020, to $173.3 billion, given the huge increase in sales driven by the Covid-19 pandemic.

Earlier this month, he announced that he’s stepping down from his CEO role and will transition to the role of executive chair later this year.

Meanwhile, Bill Gates remains at the world’s third-richest person with $137 billion of worth.

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