Jeff Bezos Surpasses Musk, Reclaims Position as World’s Richest Person

After Elon Musk recently surpassed Jeff Bezos as the world’s richest person, it appears that the Amazon founder soon reclaimed his No. 1 position, as his net worth now exceeds Musk’s by US$955 million.

Tesla shares dropped by 2.4% on Tuesday, eliminating more than US$4.6 billion from Musk’s fortune and bringing the CEO down from the highest spot on the Bloomberg Billionaires Index ranking. Jeff Bezos, who had claimed the title of the world’s richest person for three years in a row, reclaimed the top spot with a net worth of US$191.2 billion.

It has been a momentous reign for Bezos, who once again returns to the pedestal, despite plans to step down from his title as Amazon’s CEO in the third quarter. Bezos revealed his abdication earlier this month, noting that he will use the additional time to focus on his other projects, including the Washington Post, as well as his space exploration company Blue Origin.

However, the race to the mantle as of the world’s richest person is only beginning to heat up, because it likely will not be long before Musk overtakes Bezos, again. Musk’s rival space exploration company, SpaceX, is currently in talks to raise capital at a valuation of US$92 billion, nearly double that of its current value.


Information for this briefing was found via Bloomberg. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Endeavour Mining Q1 Earnings: Cash Flow Is King

G Mining Oko West Feasibility: Move Fast, Break.. Nothing?

New Gold Q1 Earnings: What’s Behind The Market’s Surprising Reaction?

Recommended

First Majestic Posts Record Cash Flows In Q1 As Production Costs Fall

Brazil Potash Secures Funding In Support Of US$2.5 Billion Autozales Project

Related News

Trump’s Territorial Ambitions Draw Sharp Responses from Allies and Neighbors

Former US President Donald Trump’s recent statements about territorial expansion have prompted swift reactions from...

Thursday, December 26, 2024, 01:41:00 PM

SpaceX Faces DOJ Lawsuit Over Alleged Hiring Discrimination

Elon Musk’s SpaceX is under scrutiny as the US Department of Justice (DOJ) takes legal...

Saturday, August 26, 2023, 07:23:00 AM

Foreign Investors In Elon Musk’s Twitter Buyout Can Potentially Access User Data

White House Mulls Legal Basis To Review The Deal While Elon Musk is busy making...

Wednesday, November 2, 2022, 03:05:00 PM

Twitter Has Started Handing Out $8 Blue Checkmarks And The Results Have Been Spectacular

Musk-era Twitter started rolling out the $8 subscription for the blue checkmarks on Wednesday. The...

Thursday, November 10, 2022, 03:40:00 PM

Elizabeth Warren Calls for SEC Investigation into Tesla and Elon Musk’s Twitter Takeover

Democratic Senator Elizabeth Warren is calling on the SEC to probe into possible violations of...

Monday, July 17, 2023, 04:33:00 PM