Home News Mark Zuckerberg is now richer than Elon Musk

Mark Zuckerberg is now richer than Elon Musk

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Elon Musk’s wealth yesterday dropped below Mark Zuckerberg’s for the first time in four years as the value of Tesla’s stock has tumbled

Mark Zuckerberg is now richer than Elon Musk

Musk’s fortune is worth $181billion, making him the fourth richest person in the world after being overtaken by the Facebook founder.

Zuckerberg, 40, is worth $187billion, according to Bloomberg’s Billionaires Index.

The tech bosses have a long-standing rivalry, with Musk challenging Zuckerberg to a cage fight in Las Vegas last year.

As recently as March, Musk, 52, was the richest man in the world but his net worth has taken a hit as Tesla’s share price has fallen.

Around $48.7billion has been wiped off Musk’s fortune this year, while Tesla’s stock has dropped more than 30% since January.

The South African businessman’s wealth is tied up in the success of the electric car firm.

Tough competition from Chinese competitors and production issues in Europe has seen Tesla’s share price fall more than 50% from its 2021 peak.

Musk also owns X, formerly Twitter, and around 42% of Space X, and has stakes in brain implant company Neuralink and The Boring Company.

The social media platform has faced a series of setbacks since he bought it for $44billion in late 2022.

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