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Jeff Bezos dethrones Elon Musk to assume top spot on billionaire list as Tesla Inc shares slide by 2.4% – World News , Firstpost



The third spot on the billionaire list has been taken up by Bill Gates, whereas Bernard Arnault and Mark Zuckerberg take up the fourth and fifth spot respectively

With shares of Tesla Inc sliding 2.Four % on Tuesday, $4.6 billion received knocked off from the corporate CEO Elon Musk’s fortune dethroning him from the top spot on the Bloomberg Billionaires Index rating. With this Musk’s transient reign on the top of the billionaire list ended.

According to a report by Bloomberg, the top spot was as soon as once more reclaimed by Jeff Bezos, who had held the title for greater than three years till final month. Bezos reclaimed the numero uno place with a web price of $191.2 billion, which is greater than $955 million than Musk’s total fortune.

The third spot on the billionaire list has been taken up by Bill Gates, whereas Bernard Arnault and Mark Zuckerberg take up the fourth and fifth spot respectively.

The report added that Musk’s drop comes after six weeks as the world’s richest particular person, throughout which he “fanned the flames” of Reddit-driven GameStop Corporation and despatched the shares of Etsy Inc, Shopify Inc, CD Projekt SA and Signal Advance Inc hovering together with his tweets.

Tesla hit a market worth of $700bn for the primary time in January, making it price greater than Toyota, Volkswagen, Hyundai, GM, and Ford mixed. Musk noticed his fortune rise over the past yr, surpassing Bill Gates to change into the world’s second-richest particular person in November every week after overtaking Facebook CEDO Mark Zuckerberg.

Meanwhile, although Elon Musk’s Tesla registered a subsidiary in Bengaluru earlier in January, confusion over it reigns even after Karnataka Chief Minister BS Yediyurappa issued a press release confirming the previous’s entry into India, with the corporate remaining tight-lipped about its plans.

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