Jeff Bezos Overtakes Elon Musk To Reclaim World’s Richest Man Position

Billionaire Amazon ceo, Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s six-week reign on top of the list.

Musk reportedly lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%,  which took 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.

As of Wednesday, February 17, the Bloomberg Billionaires 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 number there position with $137 billion of worth.