The CEO of Meta Marco Zuckerberg he passed it Elon MuskCEO of Tesla Inc. TSLAin the Bloomberg Billionaires Index.
Zuckerberg’s leap forward brings him even closer Amazon AMZN founder Jeff Bezos and LVMH Bernardo Arnaultthe current leader of the billionaires club with a net worth of $223 billion.
According to the index, Zuckerberg rose to third place, boasting a reported net worth of $187 billion.
This marks Zuckerberg’s first appearance in Bloomberg’s top three richest people since November 16, 2020, when his net worth stood at $105.6 billion, slightly higher than Musk’s fortune of $102.1 billion overall. era.
Musk’s wealth currently stands at $180.6 billion.
Read also: Mark Zuckerberg explains why tech layoffs won’t end soon: ‘It’s been really tough’
This development follows Tesla’s announcement of its first year-over-year sales decline in nearly four years, with just 386,800 vehicles sold in the first quarter of 2024. The news triggered a more than 7% drop in Tesla’s stock value in trading Friday, contributing to an overall decline of more than 34% year to date.
The rivalry between Zuckerberg and Musk goes beyond their net worth and dates back to 2016, when a SpaceX explosion caused the destruction of a Facebook satellite.
The competitive tension further intensified with Musk’s challenge to Zuckerberg for a cage fight. It was intensified by Meta’s introduction of Threads, a competitor to Musk’s social media platform, X.
Now read: Musk says cage fight with Zuckerberg ‘could really happen’
This content was partially produced with the help of artificial intelligence tools and was reviewed and published by Benzinga editors.
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