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Musk received Zucker punched.
Mark Zuckerberg slid into third place on the Bloomberg Billionaires Index on Friday — surpassing his rival, Elon Musk, for the primary time in 4 years.
Zuckerberg, 39, added $58.9 billion to his web price this 12 months as Meta Platform Inc. soared to new heights, Bloomberg reported.
The 52-year-old Musk, however, was ranked first on the index as lately as final month, after which his personal wealth diminished by $48.4 billion, the outlet stated.
Musk is now price $180.6 billion, whereas Zuckerberg is chugging alongside at $186.9 billion.
Musk plummeted to a measly fourth place after Reuters reported that Tesla nixed plans to construct a less-expensive automobile, which despatched shares decrease.
Nonetheless, the enraged billionaire refuted the claims on his X platform, writing, “Reuters is mendacity (once more)” — with out citing inaccuracies.
The Reuters reveal additionally coincided with information that Tesla’s automobile deliveries fell for 3 months, marking its first year-over-year decline for the reason that starting of COVID-19.
Musk’s web price may take a further hit after his $56 billion Tesla pay package deal was struck down by a Delaware judge, Bloomberg famous. The index is utilizing choices from the pay package deal — which is likely one of the South African entrepreneur’s largest belongings — into its calculations of his wealth.
Zuckerberg has not seen a prime three spot on the Bloomberg rating since Nov. 16, 2020, when he was price $105.6 billion, in comparison with Musk’s $102.1 billion.
In November 2021, the wealth hole between the Meta and Tesla titans was as giant as $215 billion, Bloomberg famous.
The 2 billionaires have long been engaged in a lengthy public back-and-forth — and even traded threats to spar in a cage fight last year.
Zuckerberg, nonetheless, known as off the thought in August 2023, saying that it was “time to maneuver on.”
