News

Jeff Bezos defeats Elon Musk to become second richest man

Tech billionaire Elon Musk has once again dethroned Amazon founder Jeff Bezos to become the world’s second richest man after stocks surge, Quartz reported.Musk dethrones Bezos to become worlds second richest man. — AFP/File

Musk’s wealth now stands at $205.6 billion after a $14.5 billion stocks increase. Jeff Bezos wealth has boosted to $198.9 billion after a $1.3 billion increase. Tesla CEO’s surprise visit to China has proved successful.

Tech billionaire Elon Musk has once again dethroned Amazon founder Jeff Bezos to become the world’s second richest man after stocks surge, Quartz reported.

Musk’s wealth now stands at $205.6 billion after a $14.5 billion stocks increase. Jeff Bezos wealth has boosted to $198.9 billion after a $1.3 billion increase.

In March, Bezos sold up to 50 million Amazon shares worth $8.4 billion, which pushed him ahead of Musk and made him the second richest man in the world. However, he is now back in the third position.

Both businessmen are still behind Bernard Arnault, the chairman of the luxury goods conglomerate LVMH. As per Forbes, Arnault and his family are now worth $210.1 billion after a $3.4 billion decrease.

Elon Musk and Jeff Bezos' Battles Over Space Travel: a Timeline

The Space X founder is only $5 billion short of becoming the richest man on earth.

Most of Musk’s wealth comes from his shares in Tesla. He owns 20.5% of Tesla shares, in addition to six other companies such as Space X, X, Neuralink and xAI.

Tesla’s stock surged after Musk’s highly successful trip to China, where he met with Premier Li Qiang.

The 52-year-old Space X founder’s surprise visit has turned out successful as key regulatory hurdles that hindered its self-driving software have been cleared.

As per reports, Tesla has also signed a contract with Chinese internet company Baidu to use its mapping license for data collection on Chinese roads.

Related Posts

Who Is Chris Rock’s Ex-Wife? All About Malaak Compton-Rock

Chris Rock and Malaak Compton-Rock were married for 18 years Photo: Dimitrios Kambouris/Getty Chris Rock was married to Malaak Compton-Rock for 18 years before splitting in 2014 and finalizing their divorce in 2016….

Angela Bassett’s 2 Kids: All About Bronwyn and Slater Vance

Angela Bassett and Courtney B. Vance are parents to two kids Photo: David Crotty/Patrick McMullan Angela Bassett and Courtney B. Vance are undoubtedly a power couple. They’re both award-winning…

All About Chris Tucker’s Son, Destin Christopher Tucker

Destin Christopher Tucker is working in the film industry, just like his father, Chris Tucker Photo: Dominique Charriau/WireImage Destin Christopher Tucker is following in his famous father’s footsteps….

The Impressions’ place in R&B history would be secure if they’d done nothing but launch the careers of soul legends

The Impressions were an American music group originally formed in 1958. Their repertoire includes gospel, R&B, doo-wop, and soul. The group was founded as the Roosters by Chattanooga, Tennessee natives Sam Gooden, Richard Brooks and Arthur Brooks, who moved to Chicago and…

Brooklyn Black History Maker, Maxwell

Grammy Award-winning artist Maxwell has been credited for spearheading the neo-soul movement Maxwell. Photo credit: Maxwell/ FBListen to this article00:05:26 Maxwell was 𝐛𝐨𝐫𝐧 May 23, 1973, in Brooklyn….

Cuba Gooding Jr.’s 3 Kids: All About Spencer, Mason and Piper

Cuba Gooding Jr. aimed to teach his sons and daughter how to manage life in the spotlight Cuba Gooding Jr. and his kids Mason Gooding and Spencer Gooding…