Jeff Bezos is world’s richest man after overtaking Elon Musk

Jeff Bezos is the world’s richest man again after overtaking Elon Musk to reign at the top of the illustrious 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.

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.

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.

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