Jeff Bezos has overtaken Elon Musk as the richest person in the world with a net worth of $246b
As the outgoing Amazon CEO took back his crown as the richest person in the world, overtaking the reign of Elon Musk, Jeff Bezos is back on top.
Musk lost about US$4.5 billion ($5.8 billion) on Tuesday after Tesla shares fell 2.4 per cent, which was enough to knock him to second place on the Bloomberg Billionaires Index ranking.
The index currently says Mr Bezos is worth US$191 billion ($246 billion) compared to Mr Musk’s US$190 billion ($245 billion).
The Amazon CEO’s stake in the company increased by US$75 billion ($96 billion) in 2020, to US$173.3 billion ($223 billion), given the huge increase in sales driven by the COVID-19 pandemic.