Elon Musk has as soon as once more dethroned Mark Zuckerberg to change into the world’s third-richest man after Meta’s shares plummeted by 16% on Thursday, Enterprise Commonplace reported.
Zuckerberg’s fortune has declined by $18 billion on the planet’s fourth-largest one-day inventory drop.
In the meantime, the Tesla chief govt gained $5.8 billion.
Now, Zuckerberg’s wealth stands at $157 billion, whereas Musk has a fortune of $184 billion.
The 2 billionaires are sometimes at odds with one another. They’ve been participating in a web based spat for a while now. Final yr, the 2 even traded barbs a few doable cage struggle.
Zuckerberg additionally launched the social media software Threads in 2023 to compete with Musk owned X, previously referred to as Twitter.
A lot of the Fb proprietor’s wealth comes from his stakes in Meta Platform, whereas Musk’s fortune is tied to his stakes in Tesla, Area X and X.
Tesla inventory costs are on an upward development after Musk introduced the manufacturing of low cost automobiles beginning this yr. Earlier than this, its shares had been falling.
Presently, Bernard Arnault, the chairman of LVMH, with a internet price of $231 billion is the world’s richest man adopted by Amazon founder Jeff Bezos, who has a internet price of 195 billion.Â
