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Jeff Bezos Overtakes Elon Musk To Become The World's Richest Person Again
Billionaire Amazon owner, Jeff Bezos has reclaimed his title of world's richest person, ending Elon Musk's six-week reign on top of the list.
Musk lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%, taking him to second place on the Bloomberg Billionaires Index ranking. Bezos' net worth also fell by about $372 million but that was enough to take him to top spot, a position he has held for about three years.Read Also: Buhari Orders Military, Police To Rescue Abducted Secondary School Students
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As at Wednesday, February 17, the Bloomberg Billionaire's 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 the 170 million shares of Tesla he already owns.
Amazon CEO Bezos'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. Bill Gates remains at the world's third-richest person with $137 billion of worth.