Musk lost about $ 4.5 billion on Tuesday Tesla (TSLA) The stock fell 2.4%, which was enough to drop him to second place in the Bloomberg Billionaires Index rankings. Bezos’ net worth also declined as the broader stock market lost some ground, but its loss was not so extreme, reaching just around $ 372 million. That was enough to reclaim his title, which he had held for about three years.
The index currently says that Bezos is worth $ 191 billion compared to Musk’s $ 190 billion.
Musk’s rise to first place took place in early January when Tesla’s stock soared. The 170 million shares of Tesla it already owns increased by $ 106 billion in 2020, as shares soared 743% during the year. The CEO of Tesla also caused the flames to blow during a frenzy of dealers GameStop (GME) shares that explode (and later defuse).
Bezos also had a fairly robust 2020. The Amazon CEO’s stake in the company increased by $ 75 billion to $ 173.3 billion in 2020, given the large increase in sales driven by the Covid-19 pandemic. Earlier this month, he announced that he would retire from his CEO and move on to the role of executive chairman later this year.
Meanwhile, Bill Gates remains the third richest person in the world with $ 137 billion worth.
Chris Isidore of CNN Business contributed to this report.