Facebook founder Mark Zuckerberg has overtaken Tesla CEO Elon Musk in terms of wealth.
With this, Mark Zuckerberg has become the third richest billionaire in the world. At the same time, Elon Musk’s ranking has slipped to fourth place.
Overtook after about 4 years
Mark Zuckerberg’s total wealth is $187 billion, while Elon Musk has $181 billion. This is the first time since November 16, 2020, that Mark Zuckerberg has reached the top three in Bloomberg’s ranking of the richest people.
Let us tell you that according to the Bloomberg Billionaires Index, Amazon CEO Jeff Bezos is at second place in the ranking with a wealth of $ 207 billion. Apart from this, the wealth of Bernard Arnault of France is 223 billion dollars.
Why is Musk’s wealth falling?
According to Bloomberg Billionaires Index, Elon Musk’s wealth has decreased by $ 4.52 billion. In fact, Reuters report said that Tesla has canceled its plan to make affordable electric vehicles (EV).
After this news, Tesla shares fell badly. However, Musk denied this report. At the same time, there are also reports of decline in Tesla’s vehicle deliveries.
Due to this, Elon Musk’s wealth has reduced.
Musk was the richest billionaire till March
Till March, Elon Musk was the world’s richest billionaire. At the same time, Musk’s wealth has decreased by $ 48.4 billion this year, while Zuckerberg has added $ 58.9 billion.
Tesla shares have fallen 34% this year, making it the worst performer in the S&P 500 index.
Tesla’s stock has been in the doldrums due to a global slowdown in EV demand, increasing competition in China and production problems in Germany.
Meanwhile, META is up 49% on strong quarterly earnings and the company’s artificial intelligence initiatives.