Elon Musk’s six-week reign as the world’s richest person has ended, after Billionaire Amazon owner, Jeff Bezos reclaimed his title.
On Tuesday, Musk lost about $4.5 billion 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.
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.
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