News 17 February 2021

Amazon’s Jeff Bezos Overtakes Elon Musk To Reclaim Title Of World’s Richest Person

17 February 2021

Amazon’s Jeff Bezos is officially the richest person in the world…again.

Last month, Elon Musk claimed the title after his company Tesla hit a market value of $700bn (£516bn) for the first time.

Now, according to CNN, Musk lost roughly $4.5 billion on Tuesday (February 16) after Tesla shares fell by 2.4%.

Bezos also took a loss but on a smaller scale ($372 million), allowing him to reclaim the title he held for three years.

Bloomberg’s billionaire index ranking now records that Bezos’ worth is around $191 billion, while Musk’s stands at $190 billion.

Remaining in third place is Bill Gates with a worth of $137 billion.

Bezos’ reclaim of the world’s richest person title follows on from news that he is stepping down as CEO at Amazon to serve as Executive Chair on the company’s board.