It comes as Amazon’s business has been booming during the pandemic, with consumers turning to online retailers for necessities amid lockdowns. However, it’s still possible that the two billionaires could trade places again in the near future.Bezos is getting ready to leave his post as CEO of the online shopping giant later this year to focus on other projects. The Amazon founder’s net worth has been surging in recent years along with his company’s stock price. Tesla shares slid over two percent on Tuesday, erasing around $4 billion from Musk’s fortune, according to ranking websites’ estimates. Almost all of his statements have caused ripple effects in the crypto space, including the recent move by Tesla to invest $1.5 billion in bitcoin, and the billionaire’s vocal support for dogecoin.For more stories on economy & finance visit RT’s business section The drop ended Musk’s six-week reign as the world’s wealthiest man, according to Forbes, which currently puts his net worth at $173.4 billion, compared to Bezos’ $190.3 billion. Also on rt.com
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Musk has recently been at the epicenter of some of the biggest market events – from a Reddit insurgency against hedge funds attempting to short-sell GameStop stock to the cryptocurrencies’ rally. Follow RT on
Amazon CEO Jeff Bezos has reclaimed the top spot on the world’s richest list, winning the title back from Tesla CEO and SpaceX founder Elon Musk just weeks after losing it. That previously allowed Bezos’ net worth to hit $200 billion, making him the first man in history to reach the milestone. Also on rt.com
Tesla tycoon Elon Musk declared richest person in the world, edging out Amazon’s Bezos
As a result, Bezos took back the title he had been holding for almost three years before Musk briefly surpassed him.