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Has Jeff Bezos reclaimed the Title of World’s Richest Man from Elon Musk?

Amazon’s CEO Jeff Bezos has reclaimed Number One’s spot in the World’s Richest Man list dethroning Elon Musk in the Process.

The change in this notable power & worth shift was caused by a slight dip in Tesla shares on Tuesday by 2.4 Percent, closing at $796 per share on Tuesday. The drop in share prices resulted in a decrease in Elon’s net worth, which currently stands at $190 Million, missing Bezos’ mark of $191 Million.

Despite reclaiming the top spot, Amazon’s growth has been stable yet slow in recent months. Meanwhile, SpaceX founder Musk has increased his wealth by $20 Billion in 2021 alone. Interestingly, The news comes weeks after Jeff decided to step down from CEO of Amazon in the upcoming Q3 of 2021. It will be interesting to see whether Bezos will be able to hold the top position after stepping down from the CEO position or not.

 

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