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Jeff Bezos is world's richest man again after Elon Musk's fortune dips by $4.6 bn
With a fortune of $191.2 billion, Amazon founder is back at the top of the rich list
Jeff Bezos reclaimed the title of the world’s richest person pushing Tesla boss Elon Musk to the second position on the Bloomberg Billionaire Index.
Musk displaced Bezos from the pole position last month after the latter held the position for three years.
Tesla shares slipped 2.4% on Tuesday bringing making its chief executive officer poorer by $4.6 billion and pushing him to the second position on the index.
With a fortune of $191.2 billion, Amazon founder is back at the top of the rich list after being pushed to the second spot for six weeks in January 2021 owing to a continued rally in Tesla stocks. Due to the recent movement in stock prices of Amazon and Tesla, Bezos is now $995 million richer than Musk.
Tesla's market capitalisation surged in 2020 as the electric car company met its delivery targets during the year pushing its stock price higher.
Tesla CEO shepherded major upheaval on Wall Street with his tweets which caused led to a rally in shares such as GameStop Corp, Etsy Shopify, CD Projekt SA and Signal.
Musk's tweets have also caused a rally in prices of cryptocurrencies such as Bitcoin and Dogecoin off late.
The year 2021 has been eventful for the Amazon founder as well since with his decision to step down from the position of CEO and hand over the mantle to Andy Jassy who currently heads Amazon Web Services. Bezos transformed the company which he started as an online bookstore in 1995 into a $1.7 trillion global e-commerce behemoth.