Jeff Bezos regains position as richest man in the world due to drop in Tesla Stock

Jeff Bezos has regained position as richest man in the world, overtaking Elon Musk and ending Musk’s brief sovereignty with the title.

Musk, who rose to the top of the list in January after Tesla’s (TSLA) stock was flourishing, was taken back to second place on the Bloomberg Billionaire Index list as of February 16. Musk lost an average of $4.5 billion as Tesla lost about 2.4% of their shares, CNN business reported.