• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Wealth & Lifestyle Billionaire Watch

Jeff Bezos reclaims world’s richest title as Elon Musk loses $7.6 billion in a day

Olumide AdesinabyOlumide Adesina
2 years ago
in Billionaire Watch, Spotlight
Jeff Bezos
Share on FacebookShare on TwitterShare on Linkedin

At the end of Monday’s trading session, Jeff Bezos once again became the world’s richest man after Elon Musk suffered a record loss on his wealth valuation.

Musk’s wealth valuation plummeted by $7.56 billion, bringing his wealth value to just $187 billion. Meanwhile, Bezos, the founder and chair of Amazon, the world’s biggest e-commerce company, is worth $192 billion with daily gains of $282 million.

Tesla shares fell over 4% on Monday as auto safety officials announced they opened a formal probe into Tesla’s (TSLA) Autopilot system following a series of accidents involving emergency vehicles.

Amazon, the world’s leading online retail giant, reported decent gains on Monday as customers increasingly opt to buy online due to fears of spreading COVID-19 disease.

By 2020, the 57-year-old billionaire was running a platform that was responsible for 9% of all retail sales in the world’s largest economy and 51.2% of digital retail sales.

As digitalization reshapes human behaviour and the cloud computing revolution does the same to enterprise, the leader in online retail, with its high-flying cloud computing platform, Amazon Web Services (AWS), is only forecasted to propel higher—spelling more good news for its founder.

Shares of Amazon reflect the company’s phenomenal growth. Over 450% of the stock’s value increased from January 2016 to January 2021, and over 75% from January 2020 to January 2021 alone. Bezos owns 11% of Amazon as of 2021, making it the source of the majority of his wealth.

As part of his divorce proceedings, Bezos distributed additional shares to his ex-wife as well as selling over a million shares during the years 2017 to 2019. Bezos is listed as owning more than 70 million shares in the company’s 2021 annual meeting announcement.

Bezos also has substantial holdings in more traditional investments, such as real estate, as well as a significant number of shares in other prominent companies.

Tags: AmazonElon MuskJeff Bezos

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

hfm
UBA
Mega Millions
Mega Millions
fidelity banner
HFM







NM newsletters

Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

Recent News

  • RMAFC says NNPC withheld N8.48 trillion from federation account, backs Tinubu on petrol subsidy removal
  • JUST IN: Third Mainland Bridge pile caps were not vandalized – FG
  • Israel, Nigeria to collaborate to generate one million jobs in tech 

Follow us on social media:

Recent News

RMAFC says NNPC withheld N8.48 trillion from federation account, backs Tinubu on petrol subsidy removal

RMAFC says NNPC withheld N8.48 trillion from federation account, backs Tinubu on petrol subsidy removal

June 9, 2023
JUST IN: Third Mainland Bridge pile caps were not vandalized – FG

JUST IN: Third Mainland Bridge pile caps were not vandalized – FG

June 9, 2023
  • Download Nairametrics iOS App
  • Download Nairametrics Android App
  • Home
  • Exclusives
  • Markets
  • Industries
  • Economy
  • Business News
  • Financial Literacy
  • Opinions

© 2023 Nairametrics

No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Nairalytics
    • Macro-Economic News
    • Research Analysis
    • Budget
    • Public Debt
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
  • Login
  • Sign Up

© 2023 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In