Mark Zuckerberg has overtaken Elon Musk as the world’s third-richest man, marking a shift in the fortunes of these tech titans. This is the first time since 2020 that these two rivals have occupied these positions on the Bloomberg Billionaires Index.
Elon Musk’s wealth has dropped below, due to recent challenges at Tesla.
It was reported that the X owner is worth $ 181 billion, making him the fourth richest person in the world after being overtaken by the Facebook founder Zuckerberg who is worth $ 187 billion, according Bloomberg’s Billionaires Index.
In March, Elon Musk was the third richest man in the world but his net worth has taken a hit as Tesla’s share price has fallen.
Brazilian Supreme Court judge, yesterday launched an inquiry into the tech boss after he said he would reinstate accounts on X that the judge had ordered to be blocked.
The multi-billionaire announced that the restrictions had been lifted, saying the court order was unconstitutional.
It came after he said on Saturday that it had been ‘forced by court decisions’ to block some popular accounts in Brazil.
Musk said the order could lead to a total loss of revenue and closure of the offices in the South American country.
While Musk’s fortune has fallen in value, his competitors have made huge gains this year. Meta, which owns Facebook and Instagram, has seen its share price rise more than 50% in 2024, adding $58.8billion to Zuckerberg’s wealth.
