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The Reign of Elon Musk Was Short. Jeff Bezos Is Again the Richest in the World

With a net worth of $191.2 billion, or $955 million more than Musk, Jeff Bezos, who had held the title for over three years before last month, regained his No. 1 spot.



On Tuesday, Tesla Inc.'s stock slid 2.4 percent, erasing $4.6 billion from the fortune of its chief executive officer and knocking him from the top spot on the list of the Bloomberg Billionaires Index.


With a net worth of $191.2 billion, or $955 million more than Musk, Jeff Bezos, who had held the title for over three years before last month, regained his No. 1 spot.


Musk's decline ends—for now—a nearly six-week run as the wealthiest person in the world that has seen him at the helm of some of the largest financial events so far this year. He fanned the flames of the GameStop Corp. rally powered by Reddit and sent shares of Etsy Inc., Shopify Inc., CD Projekt SA, and Signal Advance Inc. to booster shares.


It's also been an eventful stretch for Bezos. When he is about to cede a title of his own, he sums up the crown of the world's richest human. This month, Amazon.com Inc. announced that Bezos would step down as CEO of the e-commerce giant to work on other ventures in the third quarter. Bezos owns both Blue Roots and the Washington Post space exploration corporation and has accelerated his philanthropic giving in recent years. In the last 12 months, Amazon shares have climbed 53 percent.


A competitor of Bezos's Blue Roots, Musk's SpaceX has been in negotiations to collect funds that would boost its valuation dramatically. According to CNBC, which quoted individuals familiar with the matter, SpaceX closed the $850 million financings round last week at a $74 billion valuation, approximately 60 percent more than the previous round.

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