Musk lost about $ 4.5 billion on Tuesday after Tesla (TSLA) the shares fell 2.4%, which was enough to bring him to second place in the ranking of the Bloomberg Billionaires index. Bezos’ net worth also declined as the broader stock market lost some ground – but his loss was not so extreme, only hitting about $ 372 million. That was enough to regain the title he held for about three years.
The index currently says Bezos is worth $ 191 billion, compared to Musk’s $ 190 billion.
Musk’s jump to first place came in early January, when Tesla’s stock soared. The 170 million Tesla shares he already owns increased in value by $ 106 billion during 2020, as the shares rose 743% during the year. Tesla’s CEO also fanned the flames during a trader frenzy that sent GameStop (GME) shares exploding (and later emptied).
Bezos also had a very robust 2020 year. The share of Amazon’s CEO in the company increased by $ 75 billion in 2020, to $ 173.3 billion, due to the huge increase in sales driven by the Covid-19 pandemic. Earlier this month, he announced that he is stepping down as CEO and will transition to executive president later this year.
Meanwhile, Bill Gates remains the third richest person in the world, with $ 137 billion.
–CNN Business’ Chris Isidore contributed to this report.