Amazon CEO, Jeff Bezos, has reclaimed his title as the world’s richest person after Tesla CEO, Elon Musk, lost his leading position according to real-time data from Forbes. Elon Musk’s time as the number one was rather short-lived.
Musk saw his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, down more than 2.4%. The 49-year-old entrepreneur surpassed Bezos in January to become the richest person in the world following Tesla’s surging share price and his generous pay package.
Until last month, Bezos had been the richest man since 2017 and his fall from this position didn’t last for long as Musk’s reign was short-lived.
Last August, Bezos became the first person to see their net worth surge above $200 billion and in 2018 he became the world’s richest man in recent history when his wealth climbed above $150 billion.
Jeff Bezos is on course to vacate his position as chief executive officer of Amazon later this year. Earlier this month, he announced that he will be replaced by Andy Jassy who currently serves as CEO of the company’s cloud business, Amazon Web Services.