Elon Musk Is Once Again Richer Than Mark Zuckerberg as Meta Shares Plunge
Apr 26, 2024 - bloomberg.com
Mark Zuckerberg's fortune dropped by $18 billion as Meta Platforms Inc. shares fell by 11%, making it the 11th largest one-day drop in net worth related to a stock move in the Bloomberg Billionaires Index. This was triggered by the company's announcement that its second-quarter sales were likely to be below estimates. Zuckerberg's current net worth stands at $157 billion.
Meanwhile, Tesla Inc.'s Elon Musk added $5.8 billion to his wealth, bringing it to $184 billion, as Tesla stock continued its post-earnings rally. This has solidified Musk's position as the world's third-richest billionaire.
Key takeaways:
Mark Zuckerberg's fortune dropped by $18 billion due to a fall in Meta Platforms Inc. shares.
This drop allowed Elon Musk to solidify his position as the world's third-richest billionaire.
Zuckerberg's one-day drop in net worth is the 11th-largest ever related to a stock move among those in the Bloomberg Billionaires Index.
Elon Musk added $5.8 billion to his wealth, bringing it to $184 billion, as Tesla stock continued its post-earnings rally.
