Jeff Bezos Overtakes Elon Musk to Become World’s Richest Person

My1sttoday: Jeff Bezos overtakes Elon Musk to become world’s richest person. The former CEO and the founder of the world most valuable retail company “Amazon” has just reclaimed the world’s richest person title, after surpassing Elon Musk few hours ago, according to the real-time data retrieved from the Bloomberg Billionaire index.

Jeff Bezos’s current wealth valuation of $191 billion has seen his personal wealth, which mostly comes from Amazon stocks, record steady gains over time.

Elon Musk, currently worth $190 billion, saw his net worth plunge by $4.58 billion on Tuesday, as Tesla shares lost about 2.4% in value.

It comes as no surprise to many stock pundits as Amazon’s share price skyrocketed in recent years, along with the company’s share price. Bezos has continued to notch new wealth milestones.

Jeff Bezos’ cash at the bank is estimated to be worth $9.7 billion and most of his wealth is tied to his stake in Amazon. And he owns about 11% of Amazon, according to its most recent SEC filing.

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