About six weeks later, Jeff Bezos, the founder and chief executive officer (CEO) of technology company Amazon, surpassed Elon Musk, the founder of companies such as Tesla and SpaceX, to become the richest man in the world again.
Elon Musk’s wealth plummeted to $1.5 billion on Tuesday, February 16, after Tesla’s shares fell 2.4 per cent, making him the second richest person in the world in the Bloomberg Billionaires Index.
Jeff Bezos’s assets fell by $372 million, which was not much, due to a slight downward trend in the stock market.
However, after a $4.5 billion drop in Elon Musk’s assets, he became the richest man in the world again about six weeks later.
According to the Bloomberg Index, Jeff Bezos currently has 191 billion in assets, while Elon Musk has $190 billion.
Jeff Bezos has been the richest man in the world since 2017 but was overtaken by Elon Musk in early January 2021, when shares of Tesla rose sharply.
Elon Musk, who previously owned $170 million worth of Tesla shares, saw its value increase by 10 106 billion in 2020, up from 743% last year.
Jeff Bezos’s fortune also soared in 2020, with his share price on Amazon rising from $75 billion to $173 billion, largely due to increased sales of the company’s products due to the global pandemic of Coronavirus.
Earlier this month, he announced that he was stepping down as CEO of the company and will take over as executive chair later this year.
Microsoft founder Bill Gates currently has assets of $137 billion and is now the third richest person in the world.
The world’s fourth-richest man is Bernard Arnault of France with 116 billion, while Facebook founder Mark Zuckerberg is at number five with $104 billion.