After Meta’s shares fell 16% on Thursday, Elon Musk overtook Mark Zuckerberg to become the third-richest person in the world, according to Business Standard.
There has been a $18 billion fall in Zuckerberg’s wealth in the fourth greatest one-day stock drop globally.
The CEO of Tesla made $5.8 billion in the interim. As of right now, Musk is worth $184 billion, while Zuckerberg is worth $157 billion.
The two billionaires argue with one another a lot. They have been having a long-running internet feud. The two even sparred about the possibility of a cage fight last year.
In 2023, Zuckerberg also introduced Threads, a social networking app, to rival Musk’s X, the old Twitter.
The majority of the Facebook owner’s wealth is derived from his investments in Meta Platform, whereas Musk’s wealth is derived from his holdings in Space X, Tesla, and X.
Tesla’s stock price is rising following Musk’s announcement that the company will begin producing affordable cars this year. Its stocks had been declining prior to this.
The richest man in the world right now is LVMH chairman Bernard Arnault, whose net worth is $231 billion. Jeff Bezos, the creator of Amazon, is second, with a net worth of 195 billion.
