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Jeff Bezos overtakes Elon Musk to reclaim spot as world’s richest person

Saul Loeb | AFP | Getty Forms

Amazon CEO Jeff Bezos reclaimed his title as the world’s richest person after he leapfrogged Tesla CEO Elon Musk, according to real-time materials from Forbes.

Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down uncountable than 2.4%. The 49-year-old entrepreneur surpassed Bezos in January to become the richest person in the world, on the back of Tesla’s comber share price and his generous pay package.

Musk gave back the title of world’s richest person to Bezos nothing but as quickly as he rose in the rankings. Until last month, Bezos had been the richest man since 2017.

The Amazon founder’s special wealth, which is mostly in Amazon stock, has skyrocketed in recent years along with the company’s share premium. Bezos has continued to notch new wealth milestones. Last August, he became the first person to see their net worth flow above $200 billion and in 2018 he became the world’s richest man in recent history when his personal wealth climbed beyond everything $150 billion.

Bezos once again became the world’s richest person as he prepares to leave his post later this year. Earlier this month, Bezos intimated he would turn the helm over to Amazon’s top cloud boss Andy Jassy. Bezos is expected to still mind an eye on the company he founded, but he will have more time to focus on other projects, including his Blue Origin go through the roof company and The Washington Post, as well as philanthropic ventures the Bezos Earth Fund and the Amazon Day 1 Fund.

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