Again, Jeff Bezos Dethrones Musk To Become World Richest Man

Again, Jeff Bezos Dethrones Musk To Become World Richest Man
The two richest men on the plannet
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Jeff Bezos who first became the richest man on the planet in 2017 has reclaimed his title of world’s richest person again, ending Elon Musk’s six-week reign atop the list.

This was made possible following Musk’s loss of about $4.5 billion Tuesday after Tesla’s (TSLA) shares fell 2.4 percent, 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 but his loss wasn’t as extreme, only taking a hit of about $372 million. The index currently says Bezos is worth $191 billion compared to Musk’s $190 billion.

Read Also: Tech Guru, Elon Musk Says Facebook Is ‘Lame’

Musk became the richest man in the world early in January when Tesla’s stock was rising. The 170 million shares of Tesla he already owns increased in value by $106 billion during 2020, as shares shot up 743 percent during the course of the year.

Bezos had a rather robust 2020, too. The Amazon CEO’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 the world third-richest person worth $137 billion,

 

AFRICA DAILY NEWS, NEW YORK

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