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.

Source: https://techglidar.com/2021/08/17/jeff-bezos-again-overtakes-elon-musk-as-world-richest-man/

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