Sep 27, 2021 Last Updated 22:05 PM EDT

News

Jeff Bezos: Amazon CEO Reclaims World's Richest Man Title From Elon Musk

Feb 17, 2021 05:42 AM EST

Jeff Bezos
(Photo : Alex Wong/Getty Images) Amazon CEO Jeff Bezos, founder of space venture Blue Origin and owner of The Washington Post, participates in an event hosted by the Air Force Association September 19, 2018 in National Harbor, Maryland. Bezos talked about innovating in large organizations as well as staying on the cutting edge in the space industry.

Realtime data from Forbes revealed that Amazon CEO Jeff Bezos is again, back at being the world's richest person, pushing Elon Musk to the second spot.

Jeff Bezon Reclaims Top Spot 

Jeff Bezos allegedly leapfrogged Tesla CEO Elon Musk and is now on top of the list once more, as reported by CNBC

Musk witnessed his net worth slide by $3.9 billion on Tuesday as Tesla shares closed at $796.22, which was significantly down by over 2.4%. He saw himself drop down from the world's richest list.

It was only in January when the 49-year-old entrepreneur surpassed Bezos to become the world's wealthiest, because of then Tesla's surging share price and his massive pay package. It was a mean feat, since Bezos held on to the position since 2017. 

Bezos being on top for years is unsurprising given what Amazon does. The giant online marketplace sells just about anything and the platform certainly profits. The Amazon founder's personal wealth, which is mostly in Amazon stock, has continuously skyrocketed in the recent years. The same trend can be seen in the company's share price.

Even as Bezos made unimaginable amount of money month after month, Bezos never stopped reaching new new wealth milestones. Last August, he became the first person to see their net worth surge above $200 billion, while majority of the world's economy and individual livelihoods got hit by the COVID-19 pandemic.

READ MORE: Arne Sorenson Dead: Marriott CEO Passes Away 'Unexpectedly' at Age 62

Amazon Facing Lawsuit

Bezos will be leaving his post later this year, but this does not mean he will be seeing his net worth dwindle. Earlier this month, Bezos announced he would turn the CEO post to Amazon's top cloud boss Andy Jassy. However, Bezos will still be keeping stock of what is happening with the company he founded.

Leaving just meant he will have extra time to focus on other projects, which are bound to be lucrative for him too. Some of the projects include the Blue Origin rocket company and The Washington Post. He will also have additional time to take care of his philanthropic endeavors, such as the Bezos Earth Fund and the Amazon Day 1 Fund.

READ MORE: Amazon Faces Charges for Disregarding Workers' Safety Amid Pandemic

Amazon however, is presently in some hot water. The company was sued by New York attorney general for reportedly not implementing adequate protocols to secure its employees' safety at the thick of the COVID-19 pandemic. 

"Amazon's flagrant disregard for health and safety requirements has threatened serious illness and grave harm to the thousands of workers in these facilities and poses a continued substantial and specific danger to the public health," the lawsuit says. 

Earlier on, the company has already take a pre-emptive legal action against the Atty General, and claimed that these accusations are baseless. 

"We care deeply about the health and safety of our employees, as demonstrated in our filing last week, and we don't believe the Attorney General's filing presents an accurate picture of Amazon's industry-leading response to the pandemic," Amazon spokesperson Kelly Nantel said in a statement. 

It remains to be seen how the charges will unfold. 

READ MORE: Bill Gates Net Worth 2021: Billionare Shuns How Elon Musk, Jeff Bezos Spend their Money on 'Rockets'

Latest Stories

Real Time Analytics