Connect with us

Hi, what are you looking for?

Business

Jeff Bezos Reclaims World Richest Man Tittle, Overtakes Elon Musk

JEFF BEZOS | GETTY

Amazon CEO Jeff Bezos has reclaimed his tittle as the World’s Richest Person after overtaking Tesla CEO Elon Musk.

On Tuesday, February 16, 2021, Elon Musk’s shares fell by 2.4%, losing about $4.5 billion, dragging him down to the second position on Bloomberg Billionaire Index ranking.

Jeff Bezos’ net worth also fell by about $372 Million but that was sufficient to take him to the top spot, a position he has held for about three years.

Musk gave back the World’s Richest Person tittle to Bezos just as quickly as he rose in the rankings. Until last month, Bezos had been the richest man since 2017.

Jeff Bezos | GETTY

On Wednesday, February 17, 2021, Bloomberg Billionaire Index currently says Bezos is worth $191 Billion and Elon Musk is worth $190 Billion.

Elon Musk’s swift movement to first position occurred in January.

Amazon CEO Bezos’s stake in the company increased by $75 Billion in 2020, to $173.3 Billion, given the huge increase in sales driven by the Covid-19 pandemic.

According to CNBC, Earlier this month, Bezos announced he would turn the helm over to Amazon’s top cloud boss Andy Jassy. Bezos is expected to still keep an eye on the company he founded, but he will have more time to focus on other projects, including his Blue Origin rocket company and The Washington Post, as well as philanthropic ventures the Bezos Earth Fund and the Amazon Day 1 Fund.

Microsoft’s founder, Bill Gates remains at the world’s Third Richest Person with $137 billion of worth.

Click to comment

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Most Read This Week

More Stories

News

An online petition seeking justice for a female student of the Shehu Shagari College of Education in‪ Sokoto State, identified simply as Deborah, has...

News

During take-off, the Airbus A319 aeroplane began veering off to the left while moving along the runway. It then crossed onto two neighbouring connecting...

News

A female student of the Shehu Shagari College of Education (SSCOE) Sokoto simply identified as Deborah was allegedly beaten and burnt to death on...

News

The Government of Lagos State has ordered the reopening of all Chrisland Schools shut down over controversies that surrounded an immoral act engaged in...

Advertisement