Jeff Bezos Reclaims His Spot As The World's Richest Person

Elon Musk's popularity as the richest person in the world becomes short-lived as Jeff Bezos reclaims the title after shares of Tesla Inc slipped 2.4% on Tuesday (NY time).

At the end of market hours in New York, Bezos' net worth stood at $191 billion according to Bloomberg's Billionaire Index, down $132 million for the day. Meanwhile, Musk slipped to the second position after losing a significant $4.58 billion in his net worth to $190 billion.

The CEO of the electric vehicle and clean energy company was followed by Microsoft's Bill Gates at $137 billion, LVHM's Bernard Arnault at $116 billion and Facebook's Mark Zuckerberg at $104 billion.

Musk surpassed Bezos as the richest person in January on the back of Tesla's surging share price and his generous pay package. Until last month, Bezos had been the richest man since 2017.

The Amazon founder's personal wealth has continued to notch new wealth milestones in recent years. Last August, he became the first person to see their net worth surge above $200 billion.

Bezos become the world's richest person once again as he prepares to step down as the CEO of his company. Bezos is expected to still keep an eye on the company he founded, but he will have more time to focus on other projects, including his Blue Origin rocket company and The Washington Post, as well as philanthropic ventures the Bezos Earth Fund and the Amazon Day 1 Fund.