Tesla CEO Elon Musk displaces his position and Amazon CEO Jeff Bezos again takes his old position as the world’s richest person.
These World’s top two richest person place ups and down regularly throughout the week, once Jeff Bezos became the top rich man, he fell the next day. Then Elon Musk became the richest man in the world.
Last Friday was the last day of stock market trading in the United States. As the day’s trading came to an end, Elon Musk owner of Tesla and SpaceX, appeared to be lagging behind.
Last Friday, the US stock market had a bad day. newly elected President Joe Biden proposed the $1.9 trillion Coronavirus incentive package.
Meanwhile, Donald Trump is facing impeachment for the second time. There is also talk of the possibility of raising taxes in the future. All this has affected the share prices of Amazon and Tesla.
Amazon’s share price fell 1 percent and Tesla’s fell 2 percent after trading on Friday. Who else is stopping Bezos from removing the mask and winning the title of the richest man again? Biden’s announcement of an incentive package also sent tech shares down.
As a result of the announcement of the stimulus package, the Dow Jones Industrial Average in the United States fell by an average of 0.9 percent. The Nasdaq and S&P 500 index fell 1.5 percent.
This sudden change in the stock market has changed the wheel of fortune of many more top rich people besides Bezos. Such as Chinese mother Huateng, whom everyone knows as Pony Ma.
Ma Huateng, chairman of Tencent Holdings and Weibo, the country’s most popular app. His fortune has increased to $6.6 billion. As a result, his total assets now stand at $62.8 billion.
Let’s go back to the United States. Eric Yuan, the founder of Zoom Video Communications has a net worth of $1.5 billion to $17 billion.
In addition, the assets of Airbnb’s Chief Executive Officer (CEO) and founder Brian Chesky have increased by $1.4 billion to $12.9 billion. Their share price has risen 13 percent in the past week.