SpaceX and Tesla founder Elon Musk overtook Amazon’s Jeff Bezos to become the world's richest man on Thursday as he witnessed a rise of $9.81 billion in his net worth in a single day, according to Bloomberg Billionaires Index .
The total net worth of the serial American entrepreneur stood at $190 billion as against the total net worth of Amazon's founder, which is $185 billion. Bezos witnessed erosion of $1.84 billion in his wealth.
Over the last one week, the shares of Amazon witnessed a steady drop, only to see a marginal rise on February 23. This drop in shares can be attributed to the decline in Bezos’ net worth.
Bill Gates continued to be the third richest with a total net worth of $136 billion. In a single day, his net worth went up by $1.15 billion.
The net worth of French billionaire businessman and chairman of LVMH Moët Hennessy – Louis Vuitton, Bernard Arnault declined by $326 million in a single day. His total net worth now stands at $116 billion.
Meanwhile, Facebook founder Mark Zuckerberg’s net worth was down by $568 million, the total standing at $100 billion.
Co-founder of Google, Larry Page, who is the sixth richest person, saw a rise of $984 million in net worth. His total net worth is now at $96.1 billion.
In the case of Indian billionaire, Reliance Industries’ Mukesh Ambani, he added $1.68 billion to his net worth, taking his total net worth to $80.6 billion.