Bezos reclaims top spot as world’s richest man
Jeff Bezos has reclaimed his title of world’s richest person, ending Elon Musk’s roughly six-week reign atop the list.
Musk lost about $4.5 billion Tuesday after Tesla (TSLA)shares fell 2.4%, 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.
That was enough to recapture his title that he held for about three 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 course of the year.
The Tesla CEO also fanned the flames during a trader frenzy that sent GameStop (GME) shares exploding (and…