Elon Musk and Jeff Bezos, each gained $3.5 billion in a day

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Elon Musk and Jeff Bezos, have seen their wealth jump on the back of strong gains despite concerns that the U.S. Fed would taper the U.S economy amid record inflation.

Based on the Bloomberg Billionaire Index, Elon Musk the South African-born billionaire, who supports Dogecoin, posted gains of nearly $3.50 billion and his net worth increased to $238 billion, maintaining his position as the world’s wealthiest person.

Consequently, Amazon chairman Jeff Bezos has steadily seen the valuation of his wealth increase despite current market volatility on global financial markets, with Tuesday’s gains of $3.50 billion thereby putting him at a wealth valuation of $186 billion.

– Nairametrics

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