Is the Richest Person In the World Elon Musk or Jeff Bezos?

The Tesla founder lost $13.5 billion in one day, returning the crown to the CEO of Amazon. But the story took an unexpected turn.
Is the Richest Person In the World Elon Musk or Jeff Bezos?
Image credit: Drew Angerer y Anadolu Agency vía Getty Images

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
2 min read
This article was translated from our Spanish edition using AI technologies. Errors may exist due to this process.
Opinions expressed by Entrepreneur contributors are their own.

On January 7, Elon Musk surpassed Amazon's Jeff Bezos as the richest person on the planet . But the taste did not last long for the founder of Tesla and SpaceX, because this Monday he lost almost 14 billion dollars.

Yesterday, the actions of Tesla fell about 8% in the stock market session. This meant the loss of $ 13.5 billion, leaving Musk with a fortune of $ 176 billion, Forbes notes.

The businessman was again below Jeff Bezos, who regained his first place in the Forbes billionaire ranking. The Amazon CEO has a current net worth of $ 181.3 billion, even though his shares fell just over 2% yesterday.

 

 

However, since the stock market is a roller coaster ride, in less than 24 hours Musk was back at the top of the list. During the morning of this Tuesday, the fortune of the South African recovered by 5.66%. That added about $ 10 billion to his wealth and returned Bezos to second place.

For now, it is difficult to determine which of the two entrepreneurs is the richest person in the world. Stock movements can spark change at any time for Elon Musk and Jeff Bezos, who together broke wealth records in 2020 .

Most likely, for a time, both moguls will take turns occupying the first and second positions. It is difficult for any of them to fall to third place or lower, as they are followed by Bernard Arnault, owner of LVHM and richest man in France, with a fortune of 151.4 billion dollars.

More from Entrepreneur
Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization

Book Sale - Save 60%!


Through 6/20/21, save on our collection of recommended side hustle and Start Your Own books, including:

  • Start Your Own eBay Business
  • Start Your Own Business
  • Start Your Own Etsy Business
  • And more

Use code SIDEHUSTLE2021 to claim your savings!

Try a risk-free trial of Entrepreneur’s BIZ PLANNING PLUS powered by LivePlan for 60 days:
  • Get step-by-step guidance for writing your plan
  • Gain inspiration from 500+ sample plans
  • Utilize business and legal templates
  • And much more

Latest on Entrepreneur