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.