Elon Musk, Tesla’s CEO, is no longer the richest man in the world. Amazon founder Jeff Bezos reclaims that title after almost six weeks.
A drop in Tesla’s price costs Musk the title of richest man in the world. The stock lost 2.4 percent on Tuesday, causing the Tesla CEO to see the value of his portfolio decline by $ 4.6 billion. That was a big enough loss to drop a spot on Bloomberg’s billionaires index. The top position is again for Bezos.
The Amazon CEO’s net worth is currently $ 191.2 billion. That’s $ 955 million more than Musk.
Love for crypto coins
In any case, Musk was indispensable in the media in recent weeks. The crypto enthusiast has written several love letters to the address of the crypto coins via Twitter, including bitcoin and dogecoin.
Partly thanks to Musk, bitcoin is on a record price. The crypto coin even hit the $ 50,000 mark on Tuesday. That increase came after the billionaire announced that he had bought 1.5 billion dollars worth of crypto coins. At the same time, he has pushed the price of the crypto currency dogecoin upwards with a few tweets.
New challenges for Bezos
Bezos has also been busy during the first weeks of 2021. The Amazon CEO announced earlier this month that he will step down as CEO of the company in the third quarter of this year. He is replaced by Andy Jassy. Bezos wants to give more attention to a number of philanthropic organizations and the impact that Amazon has on the world.
The question is how long it will take for Musk to reclaim the top position in the billionaires index. His space company SpaceX, a competitor of Bezos’s Blue Origin, is in talks about an investment round that could put a price tag on SpaceX of 92 billion dollars. That’s twice the current value of SpaceX.