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Home Ecommerce

After Tesla shares slipped, Jeff Bezos overtook Elon Musk to reclaim the title of world’s richest person

Tech Gist Africa by Tech Gist Africa
02/17/2021
in Ecommerce, Entrepreneurs, Innovator of the Week, News, The Big 5
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Jeff Bezos Tech Gist Africa

Jeff Bezos Tech Gist Africa

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Amazon CEO Jeff Bezos regained the title as the world’s richest person.

After Tesla CEO Elon Musk slipped from the top spot on the Bloomberg Billionaires Index list,

Bezos is now worth $190 billion, according to Forbes, compared with Musk’s $173 billion.

With $157.9 billion, French luxury brand owner Bernard Arnault is ranked third.

While $123.9 billion, Microsoft co-founder Bill Gates is ranked fourth.

Also,  Mark Zuckerberg, the Facebook CEO, was fifth with just over $100 billion.

Because of COVID-19, Amazon sales have skyrocketed, as customers are increasingly focused on shopping online while remaining at home.

Net revenues soared 44 percent to $125.6 billion for the fourth quarter of 2020.

Since 2017, Bezos has become the richest man.

The personal wealth of Bezos which is largely in Amazon stock, has skyrocketed along with the share price of the company in recent years.

Read More On Tech Gist Africa;

Elon Musk overtakes Jeff Bezos to become the richest person in the world

Jeff Bezos is stepping down as CEO after serving as Amazon’s CEO for more than 25 years

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Tech Gist Africa is a new media and technology news platform that focuses on the untold stories of innovative ideas closely connected to technology news from Africa.

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