Shortly after losing wealthiest person title to CEO of SpaceX and Tesla billionaire, Elon Musk, CEO of Amazon, Jeff Bezos has regained his title after Musk’s fortune fell by nearly $14 billion in one day.
Stocks of Tesla have been reported to have fallen by nearly 8% on Monday, reducing his net worth by $13.5 billion, placing Amazon CEO Jeff Bezos as the world’s richest person last Friday according to Forbes’ estimates.
The 48-year old billionaire came second place, being about $6 billion behind Bezos, who has a net worth of $182.1 billion. The E-commerce company’s stock rose by nearly 1.5% on Wednesday, pushing Bezos’ net worth up by $2.4 billion, to $184.9 billion. This once again set him as the world’s wealthiest man.
Although these two strive for top spot, they are both more than $30 billion richer than the world’s third-wealthiest person, French luxury tycoon Bernard Arnault who is now worth $150.5 billion, Forbes estimates.
Musk is keen on closing the gap as his company is seeing growth at an unprecedented rate. With his net worth has rising by some $160 billion since March 2020, Musk’s fortune has grown in tandem with Tesla’s skyrocketing stock price, which rose by more than 720% in 2020.
Musk, who is also known for his opinionated and at times cryptic tweets, took to Twitter to responds to a post by Tesla Owners of Silicon.
"How strange," adding, "Well, back to work ..." he tweeted.