Jeff Bezos regains the spot as the world's richest
Jeff Bezos has regained his status as the world's wealthiest individual, ending Elon Musk's approximately six-week reign as the richest person in the world.
Musk lost around $4.5 billion on Tuesday after Tesla stock dropped 2.4%. This made him lose his rank as the second-richest billionaire on the Bloomberg Billionaires Index.
Bezos' net worth declined a little due to the downturn in the wider stock market, but his loss was not as bad, only decreasing his net worth by $US372 million.
With that, he was able to regain his title that he had held for around three years.
At the moment, the index says that Bezos's net worth is $US191 billion, while Musk's is $US190 billion.
estimated net worth of Elon Musk
The price spike that elevated Musk to first place occurred around the first of the year, when Tesla's stock was at an all-time high.
According to details made public so far, his 170 million shares of Tesla already owned have increased in value by $106 billion since January 2020, with the price rising 743% during the year.
Also fanned the flames in a frenzied trading frenzy that sent shares of GameStop (GME) soaring (and later deflated).
the number of Jeff Bezos' properties
It was just as good a year for Bezos as it was for you.
Due to the unexpected and massive rise in revenue arising from the COVID-19 pandemic, Amazon CEO Jeff Bezos's investment in the company rose by $75 billion in 2020, to $173.3 billion.
Around a month ago, Bezos announced that he would be leaving his CEO job and will assume the role of executive chair shortly thereafter.
Meanwhile, Bill Gates maintains his spot as the world's third wealthiest individual with $137 billion in capital.