Musk lost about $ 4.5 billion Tuesday after Tesla (TSLA) shares fell 2.4%, which was enough to put it in second place in the Bloomberg Billionaires Index. Bezos ’net worth also fell as the broader stock market lost some ground, but its loss was not so extreme, with only a hit of about $ 372 million. That was enough to regain his title he held for about three years.
Currently, the index says Bezos is worth $ 191 billion compared to Musk’s $ 190 billion.
Musk’s rise to the top spot came in early January, when Tesla shares soared. The 170 million shares of Tesla it already owns increased in value by $ 106 billion during 2020, as shares increased 743% over the course of the year. The Tesla CEO also lit the flames during a frenzy of merchants he sent GameStop (GME) the actions explode (and then deflate).
Bezos also had a fairly robust 2020. Amazon’s CEO’s stake in the company increased by $ 75 billion in 2020, to $ 173.3 billion, given the huge increase in sales driven by the Covid-19 pandemic. Earlier this month, he announced that he would step down as CEO and move on to the role of executive chairman later this year.
Meanwhile, Bill Gates remains the third richest person in the world with a value of $ 137 billion.
Chris Isidore of CNN Business contributed to this report.