Clash of the Titans: Jeff Bezos replaces Elon Musk as the world’s richest man AGAIN
Jeff Bezos, the American billionaire and founder of the world’s most valuable online retail company- Amazon, has just reclaimed the title of the world’s richest person again after shares of Tesla slid more than 2.4% yesterday.
Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. Elon surpassed Bezos in January to become the richest person in the world, on the back of Tesla’s surging share price and his generous pay package.
Musk gave back the title of world’s richest person to Bezos just as quickly as he rose in the rankings. Until last month, Bezos had been the richest man since 2017. Bezos’s current wealth valuation of $191 billion has seen his wealth, which mostly comes from Amazon stocks, records steady gains over time.
Quick fun facts, do you know that Jeff Bezos’s present net worth of $191 billion can buy 107 million troy ounces of gold or 3.01 billion barrels of crude oil.
Bezos’s wealth, which is mostly in Amazon stock, has skyrocketed in recent years along with the company’s share price. He is reported to own about 11% of Amazon. Bezos impressive record stems from the massive and continuous growth of Amazon. This goes to show that an investment in the right company/opportunity can yield transformative returns.
So tell us, what are you investing in?