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Mumbai40 minutes ago
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Tesla’s Musk was at number one before three years. In the same month, Amazon announced that Musk would no longer be CEO. Jesse will be CEO in his place. Bezos will focus on own space company Blue Origin and newspaper Washington Post
- Tesla shares have fallen more than 10% since January
- Musk’s Space X is currently planning to raise money
Jeff Bezos of Amazon has become the world’s richest business man. He has overtaken Tesla CEO Elon Musk. This information is given in the report of the Bloomberg Billionaire Index.
Tesla shares fall 2.4%
According to the report, Tesla’s stock fell 2.4% on Tuesday. It closed at $ 796.22. This reduced Musk’s assets by $ 4.6 billion. Jeff Bezos held the number one position for three consecutive years. They had fallen behind in it last month. His net worth at that time was $ 191.2 billion. Musk was in this position for about 6 weeks.
Amazon shares have been rising
Bezos’ personal wealth has increased due to the rise in shares of Amazon. Amazon shares have gained a lot in recent years. In 2018, his wealth crossed $ 200 billion for the first time. Musk has been in the news this year due to some big events. One of his tweets skyrocketed the shares of Game Stop Corp. Recently he has also bought bitcoin.
The bitcoin price, however, crossed 50 thousand dollars for the first time on Tuesday. This is because he made a statement to retain $ 1.5 billion of this cryptocurrency.
Tesla shares have fallen 10% since January 26
Musk may have been in constant discussion on social media, but since January 26, Tesla shares have fallen by more than 10%. However the stock had gained 53% in the last 12 months. In the same month, Amazon announced that Musk would no longer be CEO. Jesse will be CEO in his place. Bezos will focus on his own space company Blue Origin and the newspaper Washington Post.
Musk’s Space X is currently planning to raise money. It will raise money at a valuation of $ 92 billion. It is currently valued at $ 45 billion.