-
Meta CEO Mark Zuckerberg is now the third richest person in the world.
-
Zuckerberg’s wealth has outpaced Tesla CEO Elon Musk for the first time since 2020.
-
Musk’s wealth has tanked as Tesla shares have slumped more than 34% since the start of the year.
There’s a new round in the billionaire brawl between Mark Zuckerberg and Elon Musk — and this time, the Meta CEO is on top.
Zuckerberg became the third richest person on the Bloomberg Billionaires Index on Friday, with a reported net worth of $187 billion. This is the first time Zuckerberg has broken into the ranking’s top three since 2020, Fortune reported.
Meanwhile, Musk, the Tesla CEO, has fallen to fourth place with a fortune of $181 billion.
The news comes as Tesla sold just 386,800 cars in the first quarter of 2024, marking the company’s first year-over-year sales drop in nearly four years. The company’s shares fell more than 7% in early trading following the news, and the company’s stock is down more than 34% since the start of 2024.
With another $30 billion in the bank, Zuckerberg is approaching Amazon founder Jeff Bezos’ level of wealth. Bezos has a net worth of $207 billion and is in second place, according to Bloomberg. LVMH CEO Bernard Arnault is in the top spot with a net worth of $223 billion.
Zuckerberg and Musk are feuding about more than just their fortune.
The tech execs have been at odds since 2016 when a SpaceX explosion destroyed a Facebook satellite. And their public rivalry heated up after Musk challenged Zuckerberg to a cage fight last year. Meta’s launch of Threads, a rival social media platform to X, hasn’t helped soften the tension between the two.
Read the original article on Business Insider