Jeff Bezos loses N1.34tn, as Elon Musk opens N35.78tn gap lead on richest person list


Elon Musk’s net worth fell -0.32 percent at the close of trading on Monday, after the automaker’s stock fell -0.32 percent, but he maintained his lead, following a significant loss in Bernard Arnault and Jeff Bezos’ individual wealth, glamsquad reports.


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Jeff Bezos, founder of Blue Origin, speaks after receiving the 2019 International Astronautical Federation (IAF) Excellence in Industry Award on October 22, 2019 at the Walter E. Washington Convention Center in Washington, DC.


Tesla’s stock price ended the day at $734.76 per share, down $2.36 from the previous day’s asking price on the exchange floor of the United States capital market.


According to Forbes data monitored by glamsquad, the share depreciation halted Musk’s wealth growth, reducing his net worth to $234 billion and wiping out N241.65 billion ($574 million) from his fortune.


Despite the loss, Musk maintained his top spot on the list of richest people, with a $85 billion (N35.78 trillion) lead over the second richest person, Bernard Arnault, owner of LVMH brands.

Arnault was unable to close the gap because LVMH’s share fell -1.23 percent, resulting in a loss of N757.8 billion ($1.8 billion) on the billionaire’s part, reducing his net worth to $148.1 billion.

However, his loss paled in comparison to that of Amazon founder Jeff Bezos, who lost N1.34 trillion ($3.2 billion) after the ecommerce company’s stock fell -2.27 percent on Monday, ending the day with $138.9 billion.


Bill Gates, the fourth richest man and the founder of Microsoft, also reported a decrease in his net worth, which fell to $124.6 billion, after the technology expert lost N145.66 billion ($346 million) due to the firm’s share falling -1.05 percent.

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