Musk were given Zucker punched.
Mark Zuckerberg slid into 3rd position at 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 internet price this yr as Meta Platform Inc. soared to new heights, Bloomberg reported.
The 52-year-old Musk, alternatively, was once ranked first at the index as lately as closing month, and then his personal wealth decreased by way of $48.4 billion, the hole mentioned.
Musk is now price $180.6 billion, whilst Zuckerberg is chugging alongside at $186.9 billion.
Mark Zuckerberg is now 3rd at the Bloomberg Billionaire Index. Mark Zuckerberg/Instagram
Musk plummeted to a measly fourth position after Reuters reported that Tesla nixed plans to construct a less-expensive automobile, which despatched stocks decrease.
On the other hand, the enraged billionaire refuted the claims on his X platform, writing, “Reuters is mendacity (once more)” — with out mentioning inaccuracies.
The Reuters expose additionally coincided with information that Tesla’s car deliveries fell for 3 months, marking its first year-over-year decline for the reason that starting of COVID-19.
Musk’s internet price may just take an extra hit after his $56 billion Tesla pay bundle was once struck down by way of a Delaware pass judgement on, Bloomberg famous. The index is the use of choices from the pay bundle — which is likely one of the South African entrepreneur’s biggest belongings — into its calculations of his wealth.
Elon Musk noticed some reversals of fortune this yr that took a success on his internet price. AFP by the use of Getty Photographs
Zuckerberg has no longer noticed a most sensible 3 spot at the Bloomberg rating since Nov. 16, 2020, when he was once price $105.6 billion, in comparison to Musk’s $102.1 billion.
In November 2021, the wealth hole between the Meta and Tesla titans was once as huge as $215 billion, Bloomberg famous.
Elon Musk got X, previously referred to as Twitter, in 2022. REUTERS
The 2 billionaires have lengthy been engaged in a long public back-and-forth — or even traded threats to spar in a cage combat closing yr.
Zuckerberg, then again, referred to as off the speculation in August 2023, announcing that it was once “time to transport on.”
