According to real-time data, Amazon CEO Jeff Bezos regained his position as the richest person in the world after surpassing Tesla CEO Elon Musk.
Due to the fact, that Tesla shares finished at $796.22 on Tuesday, down more than 2.4%, Musk suffered a $3.9 billion decline in his net worth. The 49-year-old businessman overtook Bezos in January to take the title of the world’s richest person thanks to Tesla’s soaring share price and his substantial salary.
As fast as Musk moved up the ranks, he handed Bezos back the title of richest person in the world. Bezos has been the richest man since 2017 until this month.
Along with the company’s share price, the founder of Amazon has seen a sharp increase in personal fortune in recent years. This wealth is primarily comprised of Amazon stock. Bezos has persisted in reaching new financial benchmarks. He was the first to see his net worth soar past $200 billion in August of last year, and when his wealth surpassed $150 billion in 2018, he became the richest man in modern history.
As he gets ready to resign from his position later this year, Bezos once again rose to the top of the global richest list. Bezos declared earlier this month that he will hand the reins to Andy Jassy, Amazon’s chief cloud executive.
Bezos is anticipated to continue monitoring the business he created, but he will have more time to concentrate on other endeavors, such as The Washington Post and his rocket company Blue Origin, in addition to his charitable endeavors, the Bezos Earth Fund and the Amazon Day 1 Fund.
