Elon Musk returned the crown of being the world’s richest man to the CEO of Amazon Jeff Bezos when the founder of Tesla lost $13.5 billion in a day.
However, the story took a surprising turn.
the founder of Tesla and SpaceX surpassed Jeff Bezos on January 7 and became the wealthiest person on the planet. To his lament, the triumph couldn’t last long for Elon Musk, and had to bear the loss of almost 14 billion dollars.
According to the news published on Forbes, the actions of Tesla fell about 8%, resulting Musk losing $ 13.5 billion in the stock market session.
Consequently, Musk is left with a fortune of $ 176 billion
Therefore, Amazon’s CEO gained his rank in Forbes billionaire’s list and once again became the world’s richest man alive.
Although Bezos’s shares fell over 2% in the stock market on 11 January, he still owns a $ 181.3 billion fortune.
After a brief stint as the wealthiest person on the planet, Tesla billionaire Elon Musk is again the second-richest person in the world after his fortune fell by nearly $14 billion in 1 day https://t.co/KmtJIGiVoW by @skleb1234 pic.twitter.com/oEMiWuJ5jX
— Forbes (@Forbes) January 11, 2021
But the Amazon CEO couldn’t retain his rank and in less than 24 hours the Tesla founder, Musk returned to the top of the list and moved Bezos to second place once again on Tuesday. As the South African fortune recovered by 5.66 percent which means $ 10 billion was added to his fortune
So it is hard to decide which of the two billionaires is the world’s richest man. Since Elon Musk and Jeff Bezos broke records in 2020 together. Stock market changes trigger change at any moment.