Elon Musk’s reign as the richest man in the world was short.
Tesla shares fell 2.4 percent on Tuesday, erasing $ 4.6 billion (approximately Rs. 33,460 crore) from the CEO’s fortune and removing him from the top spot in the Bloomberg Billionaires Index.
Jeff Bezos, founder and CEO of Amazon, listened during a discussion at the Air Force Association’s Air, Space and Cyber Conference at the National Port, Maryland, USA, on Wednesday, September 19, 2018. Amazon is considering a plan to open up to 3,000 new AmazonGo stores without cash registers in the next few years. , according to people familiar with the matter, aggressive and expensive expansion that would threaten convenience chains.
Jeff Bezos, who held the title for more than three years until last month, regained his No. 1 position with a net worth of $ 191.2 billion (approximately $ 13,900,900) or $ 955 million (approximately $ 6,950) more than Musk.
Musk’s fall ends – so far – almost six weeks as the richest man in the world, who saw him in front and in the center of some of the biggest market events so far this year. He ignited the flames of Reddit-powered GameStop rally and send the shares to Etsy,, Shopify,, CD project, and Signal Advance rises with booster tweets.
He recently accumulated the price of Bitcoin and even Dogecoin, a lesser-known cryptocurrency that Musk tweeted earlier this month. Meanwhile, bitcoin blew $ 50,000 (approximately Rs. 36.3 lacquer) days after Tesla revealed plans to hold $ 1.5 billion (approximately Rs. 10,910 crores) of cryptocurrency in its balance sheet. Still, despite Musk’s seemingly constant presence on social media, Tesla shares fell nearly 10 percent from a peak on Jan. 26.
And for Bezos, it was a rich stretch. He renews the mantle of the richest man in the world while on his way to relinquishing his own title. Amazon announced this month that Bezos will step down as CEO of the e-commerce giant in the third quarter to focus on other projects. Bezos is the owner of a space exploration company Blue origin as well as the Washington Post and has accelerated its philanthropic donations in recent years. Shares of Amazon have risen 53 percent in the last 12 months.
It may not be long before Musk pops up Bezos again.
On musk SpaceX, a rival to Bezos’ Blue Origin, is in talks to raise funds that would significantly increase his score. SpaceX completed a $ 850 million (approximately 6,180 crore) funding round last week with a valuation of $ 74 billion (approximately 5.38,300 kroner), about 60 percent higher than the previous round, according to CNBC. matter.
“With the help of Jack Witzig.”
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