Meta’s CEO Mark Zuckerberg has overtaken Elon Musk, CEO of Tesla Inc. TSLA, within the Bloomberg Billionaires Index.
Zuckerberg’s leap ahead locations him nearer to Amazon AMZN founder Jeff Bezos and LVMH’s Bernard Arnault, the present chief of the billionaires’ membership with a internet value of $223 billion.
In line with the index, Zuckerberg has ascended to the third place, boasting a reported internet value of $187 billion.
This marks Zuckerberg’s first look within the high three of Bloomberg’s wealthiest people rating since Nov. 16, 2020, when his internet value stood at $105.6 billion, barely forward of Musk’s fortune of $102.1 billion on the time.
At current, Musk’s wealth quantities to $180.6 billion.
Additionally Learn: Mark Zuckerberg Affords Why Tech Layoffs Will not Finish Anytime Quickly: ‘It Was Actually Robust’
The improvement follows Tesla’s announcement of its first year-over-year gross sales decline in nearly 4 years, with simply 386,800 automobiles bought within the first quarter of 2024. The information triggered a greater than 7% drop in Tesla’s inventory worth in buying and selling on Friday, contributing to a complete decline of over 34% for the reason that starting of the yr.
The rivalry between Zuckerberg and Musk goes past their internet value, stretching again to 2016 when a SpaceX explosion brought on the destruction of a Fb satellite tv for pc.
The aggressive pressure escalated additional with Musk’s problem to Zuckerberg for a cage battle. It was intensified by Meta’s introduction of Threads, a competitor to Musk’s social media platform, X.
Now Learn: Musk Says Cage Combat With Zuckerberg ‘May Truly Occur’
This content material was partially produced with the assistance of AI instruments and was reviewed and revealed by Benzinga editors.
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