The Amazon founder and CEO Jeff Bezos has claimed back his position as the world’s richest person. He was surpassed by Elon Musk in January, but the back and forth (rivalry) for the title, continued. Lately, Elon Musk’s Telsa stock slipped by more than 2.4% to $796 per share on Tuesday; this made Bezos regain his position as richest person in the world.

Elon musk had beaten Bill Gates to become the second richest person in the world, November 2021.

The Bloomberg Billionaires index ranking shows that Mr Musk lost about $4.5 billion, Tuesday, after Telsa shares fell by 2.4 percent.

Obinwannem News had reported earlier this month, Amazon CEO Jeff Bezos to step down as Andy Jassy succeeds although the transition would take place in the third quarter of the year.

Meanwhile, Mr Bezos’s networth also fell as the broader stock market became less strong; yet, his loss was minimal, only taking a hit at about $372 million. Despite the fall, he recapture the number one title he has intermittently held for close to three years.

Mr Bezos’s networth is presently $191 billion when compared to Mr Musk’s $190 billion; surpassing Mr Musk with $1 billion.

Bill gates still retained his position as world’s third richest person with a networth of $137 billion.

Lolo Ijeoma Njoku reporting, Obinwannem News