Jeff Bezos dethrones Elon Musk

Amazon founder Jeff Bezos has taken the crown of richest tech billionaire from Elon Musk, Forbes reported Friday.

Bezos’ wealth now stands at $202.4 billion after a $5.4 billion stock increase, while with an increase of $11 billion, Mush wealth reached boosted to $197.7 billion.

In April, Musk’s successful trip to China, which cleared key regulatory hurdles that hindered its self-driving software, pushed him ahead of Bezos, making him the second richest man in the world. However, he is now back in the third position.

The e-commerce founder is only $4.5 billion short of becoming the richest man on earth.

The two billionaires have been going back and forth for the position of second wealthiest person for months now.

During the aforementioned period, they changed positions at least 13 times.

Currently, Bernard Arnault, the chairman of LVMH, with a net worth of $206.9 billion, is the world’s richest man.