Musk Is Once Again Richer Than Zuckerberg as Fortunes Reverse

Zuckerberg’s net worth falls by $18 billion as Meta tumbles
Musk adds $5.8 billion in wealth from rally in Tesla shares

Elon Musk
Photographer: Tolga Akmen/EPA/Bloomberg

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By Diana Li

April 25, 2024 at 4:13 PM UTC

Updated on

April 25, 2024 at 8:37 PM UTC

This article is for subscribers only.

Mark Zuckerberg’s fortune plunged $18 billion as shares of Meta Platforms Inc. tumbled, allowing Tesla Inc.’s Elon Musk to cement his status as the world’s third-richest billionaire.

Meta shares fell 11% Thursday in New York after the social media company said second-quarter sales were likely to come in below estimates. Zuckerberg’s one-day drop in net worth is the 11th-largest ever related to a stock move among those in the Bloomberg Billionaires Index, with his fortune now at $157 billion. Musk, 52, added $5.8 billion in wealth to $184 billion as Tesla stock continued its post-earnings rally.