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Wealth Elon Musk Falls Back To Being Second Richest Person In The World––Jeff Bezos Regains Title

Elon Musk Falls Back To Being Second Richest Person In The World––Jeff Bezos Regains Title

Elon Musk Falls Back To Being Second Richest Person In The World––Jeff Bezos Regains Title
SpaceX owner and Tesla CEO Elon Musk (Photo: Britta Pedersen-Pool/Getty Images)
By Jianne Soriano
By Jianne Soriano
January 12, 2021
The Tesla and SpaceX founder only held the title for a few days before falling back to the second richest person in the world after losing nearly US$14 billion in one day

It was only last week that Elon Musk made headlines when he dethroned Jeff Bezos as the world's richest person, a title Bezos held since 2017. But it seems that it was a short-lived title for Musk as he falls back into second place after just a few days.

The space billionaire and electric car kingpin lost nearly US$14 billion in one day after shares of Tesla fell nearly eight per cent on Monday. This pushed Musk's fortune down to US$176.2 billion. Musk briefly overtook Bezos with his US$185 billion fortune with Bezos close behind with a billion short. Now, Bezos's net worth is US$182.1 billion as Amazon shares fell by more than 2 per cent on Monday.

Despite Musk's drop in ranking, he's still approximately US$20 billion richer than the third titleholder, French luxury tycoon, Bernard Arnault who is worth US$154.6 billion.

See also: Amazon’s Jeff Bezos Sets A New Record For The Richest Person Alive

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Wealth elon musk world's richest person world's richest title tesla spacex amazon jeff bezos

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