$25 Billion in one day
Musk and Bezos have been battling for the top spot on the Bloomberg wealth index since the Tesla founder took over in January, the month his fortune hit $210 billion (roughly Rs. 15,25,370 crore). Since then, Bezos regained the title of world’s richest as shares of the electric-car maker sank as much as 36 percent. Now the two tycoons are less than $6 billion (roughly Rs. 43,580 crore) apart.
On Tuesday, Tesla also benefited from an upgrade by New Street Research analyst Pierre Ferragu, who recommended buying the stock, and a rally in Bitcoin.
The gains contrast with the remarkable fall of China’s bottled-water king Zhong Shanshan, who in December unseated India’s Mukesh Ambani as Asia’s richest person and surpassed Warren Buffett in January, becoming the sixth-wealthiest in the world. Zhong is now the biggest loser of the year and has dropped off the list of the top 15 on the Bloomberg ranking. Tencent’s Pony Ma is back to being China’s richest, with a fortune of almost $64 billion (roughly Rs. 4,64,910 crore).