CEO of Tesla and multi-billionaire Elon Musk surpassed Amazon CEO Jeff Bezos on 7th January to become the world’s richest man for the first time on Thursday, based on calculations using the Bloomberg Billionaires Index.
The very next day Elon also broke the threshold of wealth valuation of over $200 billion. His net worth surged by over $150 billion in the last 12 months, making a good fortune from the disastrous year.
But this Monday on 11th of January Tesla stocks fell about 8% in the stock market session. This meant a reduction of $13.5 billion from his new worth, leaving him with $176 billion, according to Forbes.
The e-commerce giant’s CEO regained his first place in the Forbes billionaire ranking. At that point Bezos’ net worth was $181 billion even when Amazon stock fell a little over 2% in the same trading day.
However, as we all know stock market is not unidirectional and more of a roller coaster ride, in the very next day Elon Musk was back at the top of the list. On Tuesday morning as Tesla stock surged, the CEO added about $10 billion and sent Bezos again to second place.
As majority of their wealth is directly from the stock they won, it is difficult to say who is the richest as they will take turns occupying the first and second positions.
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