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Elon Musk crowned world’s richest person in a week, comes in second

January 12, 2021
in Business
2 min read
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Elon Musk crowned world’s richest person in a week, comes in second
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Elon Musk is no longer the world’s richest

Amazon founder Jeff Bezos has taken the crown of the world’s richest man from Elon Musk within a week. Elon Musk is now the second richest person in the world.

  • January 12, 2021, 11:40 AM IST

new Delhi. The founder of Space-X and CEO of Tesla, Elon Musk, is now the second richest person in the world. Amazon founder Jeff Bezos has once again occupied the first position. According to Forbes magazine, Tesla shares fell nearly 8 percent on Monday. He has slipped to second place in one day due to the decline of about US $ 14 billion in his assets. Let me tell you that Elon Musk got the crown of world’s richest person only a week ago.

Networth declined 8 percent
On Monday, Tesla shares fell nearly 8 percent. Because of this, Musk’s net worth was reduced to US $ 176.2 billion. Musk’s electric car company Tesla has increased its market value significantly this year. Last week, Musk’s company saw a big jump in share prices, after which he reached the first position in terms of total assets. His total wealth had crossed 185 billion dollars (1 trillion 85 billion dollars).

ALSO READ: TATA Motors shares rise for 8th day, reaches 52-week highJeff Bezos regained number one position

This was achieved by Musk, leaving behind Jeff Bezos, founder of the online shopping platform ‘Amazon’. Jeff Bezos was at this place since 2017. Elon Musk is now 6 billion dollars behind Bezos. Jeff Bezos now has a net worth of $ 182.1 billion and is now once again the richest person in the world. On Monday, Jeff Bezos’ company, Amazon’s stock, also fell by 2 percent and saw a decrease in his net worth by $ 3.6 billion.

Also read: Women Entrepreneurship Platform to be Boosted, NITI Aayog joins hands with Flipkart

Despite the economic slowdown due to coronavirus, Musk’s net worth rose by $ 150 billion in the last 12 months. He is possibly the fastest earning person in the world. Musk earned $ 17736 million every hour during the last one year, or about Rs 127 crore. It is because of this that the shares of Tesla, the world’s most valuable auto company, have increased unprecedentedly.



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