Amazon CEO Jeff Bezos Reclaims Title of World’s Richest Person after Elon Musk Loses $4.6 Billion

Earlier last month, Musk became the world's richest person, after his net worth crossed $185 billion as Tesla's share price increased. He took the top spot from Bezos, who had held it since 2017.

New Delhi: Amazon CEO Jeff Bezos has reclaimed the title of being the world’s richest person once again after Tesla’s shares fell, resulting in a slight erosion in Elon Musk’ wealth. Bezos, who had held the title for over three years until last month, reclaimed his position with a net worth of $191.2 billion, or $955 million more than Musk. Also Read - Elon Musk to Make Tesla Cars in Karnataka: CM Yediyurappa

Tesla shares were down 2.4 per cent on Tuesday and Musk lost $4.6 billion, slipping to the second position on the Bloomberg Billionaires Index, a ranking of the world’s 500 wealthiest people. Also Read - Tesla Billionaire Elon Musk Buys Dogecoin For His Son X Æ A-Xii, Cryptocurrency's Value Surges by 16%

Earlier last month, Musk became the world’s richest person, after his net worth crossed $185 billion as Tesla’s share price increased. He took the top spot from Bezos, who had held it since 2017. Also Read - Ethereum: Your Next Best Bet in Cryptocurrency After Bitcoin | Here's Why

Tesla has surged in value this year, and hit a market value of $700 billion last month, making the electric car maker worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined.

Musk’s net worth increased by more than $150 billion and Tesla’s share price surged a massive 743 per cent last year.

Tesla last week announced it has invested $1.5 billion in the Bitcoin cryptocurrency.

The announcement led to a surge in the price of one Bitcoin, that has even surpassed $50,000 per coin.

Tesla said it will also “begin accepting Bitcoin as a form of payment for our products in the near future.”

After vouching for Bitcoin, Tesla CEO Elon Musk has now said that if major Dogecoin cryptocurrency holders sell their coins, he will give them his full support.

(With IANS inputs)

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