Elon Musk lost the world's richest title..!?

Elon Musk lost the title of the world's richest man. jeff bezos again won the title of the world's richest person. Elon Musk lost the title of the world's richest man. For the first time in more than nine months, Elon Musk lost the title of the world's richest man. tesla Inc.'s Elon Musk fell behind jeff bezos to take the top spot on the Bloomberg Billionaires Index after the company's shares fell 7.2%. Musk now has a net worth of $197.7 billion; Bezos is worth $200.3 billion.
Jeff Bezos:

This is the first time since 2021 that Amazon.com Inc founder Bezos has topped Bloomberg's list of the richest people. With amazon and tesla shares moving in opposite directions, the wealth gap between Musk and Bezos was at one point as high as $142 billion. It's worth noting that amazon shares have more than doubled since late 2022, though both are among the amazing seven stocks that have fueled U.S. stock markets.
While amazon shares hit record highs, tesla is down about 50% from its 2021 peak. tesla shares fell on monday after preliminary data showed shipments from its factory in shanghai fell to their lowest level in more than a year.

Corona epidemic:

Meanwhile, since the start of the coronavirus pandemic, Amazon's online business has increased and sales have seen tremendous growth. Musk's fortunes could take a further hit after scrapping a $55 billion pay package at tesla, where Musk is chief executive. A further decline in the fortunes of the investors who challenged Musk's compensation plan, which was the largest in history, could result. Bloomberg calculated the index by including Musk's stakes in tesla and SpaceX, among other assets. At the same time, the bulk of Bezos' wealth comes from his 9% stake in Amazon. Bezos remains the online retailer's largest shareholder, even after he sold 50 million shares worth $8.5 billion last month.
As for Bezos, being at the top of the charts is nothing new to him. In 2017, he overtook microsoft Inc. founder bill gates as the richest person in the world. But the uptick in tesla stock has intensified the race between him and Elon Musk since 2021. He fell further behind later that year and has since regained the No. 1 spot.

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elon musk

Sowmiya Sriram

05/03/2024 12:35 PM