Jeff Bezos has taken back the title of the world’s richest person after a drop in Elon Musk’s wealth

SourceBusiness Insider
SectorEconomy
CountryMiddle east

Jeff Bezos reclaimed the title of the world's richest person on Tuesday, halting billionaire Elon Musk's six-week reign in the same position.  Tesla's shares tumbled 2.4% on Tuesday, wiping out $4.6 billion from the electric-car maker's fortune. That pushed Musk into second place in the Bloomberg Billionaires Index, which ranks the world's richest based on their current net worth.  Bloomberg's index listed Bezos' and Musk's wealth at $191 billion and $190 billion, respectively, as of Tuesday's close. Bill Gates, the world's third-richest person, was worth $137 billion on the same day. Bezos held the top rank for over three years, until the Tesla founder nabbed the top spot last month after surging Tesla shares boosted his net worth to over $186 billion. Musk has been at the center of multiple major market events during his stint. He added to the momentum in the Reddit frenzy with his "Gamestonk!!" tweet, sending shares in meme-stocks soaring.

More recently, he has been popularizing Dogecoin and pulled off...read more...