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Jeff Bezos is on top again.
The outgoing CEO of Amazon has taken back his crown as the richest person in the world, and Elon Musk, the Tesla chief,’s government ends after only six weeks.
The change of guard took place, although the fate of both billionaires shrank on Tuesday when the share prices of their respective companies declined.
JEFF BEZOS WILL DEBT $ 2BA YEAR UNDER PROPOSED WASHINGTON TAX
Bezos, 57, saw its net worth decline by $ 372 million to $ 191 billion thanks to a 0.3 percent drop in Amazon shares, according to Bloomberg’s Billionaires Index.
But a 2.4 percent drop in Tesla’s share wiped out Musk’s wealth of nearly $ 4.6 billion and put the 49-year-old technology magnate in second place with a $ 190 billion fortune, according to the rankings of Bloomberg.
| Ticker | Safety | Last | Alter | Alter% |
|---|---|---|---|---|
| AMZN | AMAZON.COM INC. | 3 311.30 | +42.35 | + 1.30% |
| TSLA | TESLA INC. | 774.47 | -21.75 | -2.73% |
Bezos regained his title just about two weeks after announcing that he would retire as Amazon CEO in the third quarter of this year. He will continue to be the executive chairman of the rich e-commerce he founded 27 years ago.
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Bezos’ 11 percent stake in Amazon is valued at $ 174 billion, according to Bloomberg data, which accounts for more than 90 percent of its total fortune. He has been gradually selling shares over the past few years to fund Blue Origin, his space exploration firm that competes with Musk’s SpaceX.
Musk ended Bezos’ three-year reign as the richest man in the world in early January amid a staggering rally in Tesla’s share price. Shares in the electric car maker rose about 13 percent despite falling Tuesday this year, contributing more than $ 20 billion to Musk’s net worth.
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Musk made his awards at the top of the rich list memorable by strengthening his power to move markets with Twitter messages. He raised the prices of stocks like Etsy and Signal Advance and raised the price of Dogecoin, the meme-inspired cryptocurrency.