Elon Musk Is No Longer the World’s Richest Man

Just 4 days after obtaining the prestigious title as the world’s richest man, Elon Musk has lost his place at the top.

Keep scrolling to learn why…

Now, we all understand that Musk was a very wealthy man. Being the founder, CEO, and Chief Engineering Designer of not just Tesla however SpaceX also, he’s got an awful lot going for him.Tesla is well popularly known for its state of the art engineering…With the firm pioneering the future of electric automobile travel with Musk as its CEO.And his other enterprise, Space X, is paving the way for the near future of space travel. Space X became the first private organization to successfully launch, orbit, and even recover a spacecraft, as well as the very first to send a spacecraft to the International Space Station (ISS).So, clearly, all this has made Musk a handsome sum during the past couple of decades…With the CEO carrying a net worth of $165.4 billion of last year, according to Forbes. Quite the accomplishment, I know.

Musk passed Facebook founder and CEO, Mark Zuckerberg, at the world’s richest record after Tesla was chosen to join with the S&P 500, a stock exchange index that measures the performance of 500 large companies listed on the U.S stock exchange, at the conclusion of last year.This means that Musk was subsequently left with just two men to compete with fiscally…

Bill Gates and Jeff Bezos.But it was immediately realized he didn’t require a whole lot to transcend Microsoft’s co-founder for second place. The data showed that Musk merely had an additional $8 billion to knock Gates from 2nd place.And $8 billion isn’t too unachieveable when you’re a billionaire…

So many of us were not too surprised after, even 1 week following Tesla’s induction to the prestigious S&P 500, Musk’s web worth soared to $127.9 billion, while Gates’ lagged behind.

Last year alone, his fortune grew by $100.3 billion. Experts say it was a result of Tesla’s share price rising, which he owns a twenty percent stake of.However, there was one man who even Musk couldn’t beat…

Amazon’s CEO, Jeff Bezos.Until this year that is…

Last week saw a jump of 4.9 percent for the stock price of Tesla – an increase that came just days after finishing the first trading session of the year where they saw an increase of 3.4 percent.

Musk’s net worth subsequently soared to a staggering $188 billion, as per Bloomberg’s Billionaires Index.

And with Jeff Bezos net worth standing at $187 billion, Elon Musk placed as the worlds richest man.

A great achievement for Musk!

Though one he seemed pretty relaxed about.

In response to the news, he simply tweeted,”How odd”…

How strange

— Elon Musk (@elonmusk) January 7, 2021

Before adding, “Well back to work”.

But, unfortunately for Musk…

Things don’t last forever… Or, in this instance, longer than a week.

Just 4 days after becoming the worlds richest man, Musk has fallen short once again.

He has reportedly dropped back into second place.

​Monday saw shares of Tesla fall by almost 8 percent.

Creating the companies largest one day dip since September last year.

The drop in shares pushed Musk’s net worth down by $13.5 billion, to $176.2 billion Forbes reports…

Meaning that he’s running behind Bezos, once again.

Though, even Bezos experienced a drop in his net worth this week.

Bezos’ net worth was lowered by $3.6 million after a more than a two percent fall in shares of Amazon.

We’re sure he will create those billions in no time…

For more on those insanely wealthy men and women, keep on scrolling…

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