NEW YORK (MANDYNEWS) — In a recent turn of events, Mark Zuckerberg has overtaken Elon Musk to become the third wealthiest person globally. This marks the first time since 2020 that Zuckerberg has reached such heights in the billionaire rankings.
Musk, who held the top spot on the Bloomberg Billionaires Index just a short while ago, slipped to fourth place after news emerged that Tesla Inc. had scrapped plans for a more affordable vehicle. This decision led to a drop in Tesla’s stock prices, though Musk disputed the reports. Additionally, concerns grew following reports of a decline in Tesla’s vehicle deliveries compared to the previous year.
Meanwhile, Zuckerberg’s wealth has seen a significant increase this year, with his fortune growing by $58.9 billion. This surge comes as Meta Platforms Inc., the parent company of Facebook, continues to reach new record highs in its stock prices.
This is the first time since November 16, 2020, that Zuckerberg has secured a top-three position on Bloomberg’s list of the wealthiest individuals. Currently, Zuckerberg’s net worth stands at $186.9 billion, slightly surpassing Musk’s fortune of $180.6 billion.
The shift in wealth between Musk and Zuckerberg highlights the changing dynamics of the market. While electric vehicle stocks, once dominant, have faced challenges, big tech companies, particularly those involved in artificial intelligence, have been on the rise.
Beyond their financial standings, Musk and Zuckerberg have engaged in a public feud, which intensified with Meta’s launch of Threads, a social media platform directly competing with Musk’s X. Last year, the two billionaires even joked about a potential cage fight.
However, Musk’s fortune could face further declines following a court ruling against his $55 billion Tesla pay package. The Bloomberg Billionaires Index still factors in the options from that pay package, which are significant assets for Musk.
Bernard Arnault, chairman of luxury conglomerate LVMH Moet Hennessy Louis Vuitton, and Jeff Bezos, founder of Amazon.com Inc., maintain their positions as the top two richest individuals, with fortunes of $223.4 billion and $207.3 billion, respectively.
Top 10 Richest People In The World For 2024
| Rank | Name | Total Net Worth | Last Change | Year-to-Date Change | Country / Region | Industry |
|---|---|---|---|---|---|---|
| 1 | Bernard Arnault | $223B | -$5.23B | +$15.9B | France | Consumer |
| 2 | Jeff Bezos | $207B | +$4.62B | +$30.4B | United States | Technology |
| 3 | Mark Zuckerberg | $187B | +$5.65B | +$58.9B | United States | Technology |
| 4 | Elon Musk | $181B | -$4.52B | -$48.4B | United States | Technology |
| 5 | Bill Gates | $153B | +$353M | +$12.0B | United States | Technology |
| 6 | Steve Ballmer | $147B | +$2.41B | +$16.1B | United States | Technology |
| 7 | Warren Buffett | $138B | +$843M | +$18.4B | United States | Diversified |
| 8 | Larry Page | $138B | +$1.41B | +$11.2B | United States | Technology |
| 9 | Larry Ellison | $137B | +$165M | +$14.5B | United States | Technology |
| 10 | Sergey Brin | $131B | +$1.32B | +$10.7B | United States | Technology |
Note: The Bloomberg Billionaires Index is a daily ranking updated at the close of every trading day in New York, providing details about the world’s richest people and their net worth.
Source: Bloomberg Billionaires Index, as of April 6, 2024.
