Jeff Bezos regains world’s richest person title as Elon Musk loses $4 6 billion.

New Delhi :- The electric automaker’s shares slipped 2.4 per cent, erasing $4.6 billion from its CEO’s fortune and removing him from the top spot of the Index.

Amazon Founder Jeff Bezos has regained his position as world’s richest person on the Bloomberg Billionaires Index ranking after Tesla shares plunged, resulting in a slight erosion in Elon Musk’s wealth.

On Tuesday, the electric automaker’s shares slipped 2.4 per cent, erasing $4.6 billion from its CEO’s fortune and removing him from the top spot of the Index.

Bezos returned as the world’s richest man with a net worth of $191.2 billion.

Last month, Musk became the world’s richest person, as his net worth crossed $185 billion after Tesla’s share price increased. He took the top spot from Bezos, who had held it since 2017.

Tesla has surged in value this year, and hit a market value of $700 billion last month, making the electric car maker worth more than Toyota, Volkswagen, Hyundai, GM and Ford combined.

Musk’s net worth increased by more than $150 billion and Tesla’s share price surged a massive 743 per cent last year.

Tesla last week announced it has invested $1.5 billion in the Bitcoin cryptocurrency. The announcement led to a surge in the price of one Bitcoin, that has even surpassed $50,000 per coin.

In its announcement, Tesla had said that it will also “begin accepting Bitcoin as a form of payment for our products in the near future.”

Prior to this, Musk led to a surge in Dogecoin prices with his tweet earlier this month.

For More International News Click Here


**Disclaimer:-This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.


<