World’s Richest Man: Jeff Bezos Overtakes Elon Musk To Become The Richest Person In The World Again

Billionaire Amazon owner, Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk‘s six-week reign on top of the list.

Musk lost about $4.5 billion on Tuesday after Tesla (TSLA) shares fell 2.4%, taking him to second place on the Bloomberg Billionaires Index ranking. 

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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.

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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. 

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Bill Gates remains at the world’s third-richest person with $137 billion of worth.