Tuesday, October 4, 2022
HomeBusinessBezos Now World’s Richest Man,As Musk Loses $15bn

Bezos Now World’s Richest Man,As Musk Loses $15bn

Amazon CEO and founder, Jeff Bezos, has once again become the world’s richest person for the second time this month, after surpassing Elon Musk some hours ago, according to the real-time data retrieved from the Bloomberg Billionaire index.

Bezos’s current wealth valuation of $186 billion has seen his personal wealth, which mostly comes from Amazon stocks, immune against record sell-offs as seen in Tesla stock price in the past few days.

Elon Musk has fallen to 2nd position, as he is currently worth $184 billion, taking into consideration his net worth plunged by $15.2 billion on Tuesday, as Tesla shares lost about 8.55% in value.

The drop in Elon Musk’s wealth after Tesla stopped taking new orders for the lowest-priced version of its Model Y.

However, stock experts have not ruled the car company out, on the account, it gained 743% last year.

Amazon continued to stay more stable like a valued stock coupled with the properly managed team created by Jeff Bezos while he reigned at Amazon as its CEO.

The 57-year-old billionaire’s present wealth valuation would presently buy 102 million troy ounces of gold or 2.79 Billion barrels of crude oil.

Amazon is the world’s biggest online retailer company. The American-based company sells books, household goods, and other retail products through its flagship platform.

The company also controls the Whole Foods grocery chain and offers video streaming services. It remains the biggest cloud computing provider worldwide.

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