Jeff Bezos Reclaims Title Of World’s Richest Person After Elon Musk Slips - Mackenzie Sky Blog - Naija News

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Thursday, 18 February 2021

Jeff Bezos Reclaims Title Of World’s Richest Person After Elon Musk Slips

Jeff Bezos and Elon Musk
Amazon CEO, Jeff Bezos has reclaimed his title of world's richest person, dragging  Elon Musk back to second place on the list.

Musk, who spent roughly six-weeks atop the list lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%, which was enough to knock him to second place on the Bloomberg Billionaires Index ranking. 

Bezos' net worth also fell as the broader stock market lost a bit of ground yet his misfortune wasn't as outrageous, he just endures a shot of about $372 million. That was enough to recapture the title that he held for about three years.

The file right now says Bezos is valued at $191 billion contrasted with Musk's $190 billion. 

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

The Tesla CEO also fanned the flames during a trader frenzy that sent GameStop (GME) shares exploding (and later deflated).

Bezos had a rather robust 2020, too. The Amazon CEO's stake in the organization expanded by $75 billion in 2020, to $173.3 billion, given the tremendous expansion in deals driven by the Covid-19 pandemic. 

He recently announced that he's stepping down from his CEO role and will transition to the role of the executive chair later this year.

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

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