Amazon chief executive officer (CEO) Jeff Bezos, who had held the top slot in the Bloomberg Billionaires Index ranking for more than three years until last month, has reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Tesla CEO Elon Musk. Tesla Inc. shares slid by 2.4 per cent yesterday, erasing $4.6 billion from its CEO’s fortune.
Musk was world’s richest person for almost six week that saw him front and center in some of the biggest market events so far this year, according to Bloomberg. Despite Musk’s apparent constant social media presence, Tesla shares have slid by almost 10 per cent from a January 26 peak.Amazon CEO Jeff Bezos, who had held the top slot in the Bloomberg Billionaires Index ranking for more than three years until last month, has reclaimed his No. 1 position with a net worth of $191.2 billion, or $955 million more than Tesla CEO Elon Musk. Tesla Inc. shares slid by 2.4 per cent yesterday, erasing $4.6 billion from its CEO's fortune.#
Bezos resumes the mantle of world’s richest person as Amazon.com Inc. announced this month that he will down step as CEO of the e-commerce giant in the third quarter to focus on other projects.
Bezos owns space exploration company Blue Origin as well as The Washington Post newspaper and has raised his philanthropic activities in the last few years. Amazon shares have climbed 53 per cent in the past 12 months.
Musk’s SpaceX, a rival to Bezos’s Blue Origin, is in talks to raise funds at a valuation as high as $92 billion, double its current value.
ALCHEMPro News Desk (DS)
marketing@alchempro.com
