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Jeff Bezos overtakes Elon Musk to become richest person in the world again




Musk lost around $ 4.5 billion on Tuesday after You’re here (TSLA) stocks fell 2.4% which was enough to propel it to second place Bloomberg Billionaires Index ranking. Bezos’ net worth also plummeted as the broader stock market lost some ground – but his loss was not as extreme, taking only a hit of around $ 372 million. This was enough to regain his title which he held for about three years.

The index currently shows that Bezos is worth $ 191 billion compared to Musk’s $ 190 billion.

Musk’s skyrocketing to number one came in early January, when Tesla’s stock was soaring. The 170 million Tesla shares it already owns rose by $ 106 billion in 2020, as shares soared 743% during the year. Tesla CEO also fanned the flames during a merchant frenzy that sent GameStop (GME) the actions explode (then deflated).
Bezos also had a rather robust 2020. The Amazon CEO’s stake in the company increased by $ 75 billion in 2020, to $ 173.3 billion, given the huge increase in sales brought about by the Covid-19 pandemic. Earlier this month, he announced that he was stepping down as CEO and will step up as executive chairman later this year.

Meanwhile, Bill Gates remains the third richest person in the world with $ 137 billion.

– Chris Isidore of CNN Business contributed to this report.

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