Jeff Bezos, the owner of Amazon Co., has risen to the top in the World’s Richest Men’s list.
After a six-week rule, Elon Musk has now dropped to number 2 on the list.
Musk lost about $4.5 billion Tuesday after Tesla’s (TSLA) shares fell 2.4%, which was enough to knock him to second place on the Bloomberg Billionaires Index ranking.
Bezo’s net worth also took a fall, but it was not a major one as in the case of Elon Musk. Bezos took a hit of about $372 million.
This loss of shares to Elon made Bezos reign over him and recapture the spot he had been holding for almost 3 years.
The 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 Tesla’s stock was skyrocketing. The 170 million shares of Tesla he already owns increased in value by $106 billion during 2020, as shares shot up 743% during the year. The Tesla CEO also fanned the flames during a trader frenzy that sent GameStop(GME) shares exploding (and later deflated).
Source: CNN
