Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows (2024)

Meta CEO Mark Zuckerberg is officially wealthier than Elon Musk as Tesla’s rapidly dropping stock tanks Musk’s net worth.

Zuckerberg’s net worth has grown by more than $47 billion in 2024 to hit $175 billion as of Wednesday, according to Bloomberg’s Billionaire Index. Musk, on the other hand, has watched his value drop by more than $55 billion to a marginally less $174 billion. The gap between the two men will likely widen on Thursday, as Tesla stock hits a new 52-week low and Meta gains value.



Despite Musk’s sagging net worth — he has been surpassed by both Amazon founder Jeff Bezos and LVMH CEO Bernard Arnault in recent months — he is still one of the top 10 richest men alive. Microsoft’s Bill Gates and Steve Ballmer trail behind Musk with $149 billion and $142 billion respective net worths, followed by ex-Google CEO Larry Page.


It’s the second time in less than a month that Zuckerberg has overtaken Musk, who has been sharply critical of his fellow Big Tech CEO. Musk even challenged Zuckerberg to a cage match last summer, before he backed out.

Both of their wealth depends heavily on the success of their companies. Zuckerberg owns about 13% of Meta, while Musk controls — for now — 20.5% of Tesla stock. Musk also leads several other business ventures, including SpaceX and Neuralink.


Tesla stock has fallen about 39% so far in 2024, making Tesla one of the worst performersin the S&P 500. Tesla’s market capitalization has dropped to about $475 billion. Except for a brief decline earlier this week, Tesla last fell below $500 billion at its previous 52-week low in April 2023.

The company’s value has been driven down by sweeping layoffs and the resignations of two top-leaders, poor first-quarter sales, and changes in strategy related to a long-promised affordable electric car in favor of a self-driving robotaxi.


Meanwhile, Meta has been thriving since it reported solid fourth-quarter earnings in February and announced its first-ever quarterly dividend. The stock is up 3% Thursday and almost 47% year-to-date at about $509 per share.


Analysts from UBS recently upped their 12-month price target for Meta stock to $610 per share from $530 per share. Analysts from Piper Sandler last week upped their price target to $600 per share from $525 per share.

“Refocusing where they’re allocating their capital has been tremendous,” Motley Fool Asset Management analyst Shelby McFaddin told Quartz earlier this month, noting that Meta has been capitalizing heavily on advertisem*nts and short-form content on Instagram and Facebook.

Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows (2024)


Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows? ›

Mark Zuckerberg has overtaken Elon Musk as the world's third-richest person, with a $175 billion fortune. Zuckerberg has gained $47 billion in wealth this year while Musk has lost $55 billion, according to data from Bloomberg.

Did Mark Zuckerberg pass Elon Musk's money? ›

Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows.

Who is richer, Zuckerberg or Musk? ›

Musk, 52, gained $400 million in wealth to $178 billion as Tesla stock continued its post-earnings rally. The two billionaires switched ranks earlier this month, when Zuckerberg, 39, overtook Musk for the first time since 2020 following news that Tesla's vehicle deliveries fell in the three months through March.

Who is the richest person in the world in 2024? ›

Bernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership.

Who is the 3rd richest person? ›

Top 10 richest people in the world
Name & RankNet Worth (in $ Billions)Country
#1 Bernard Arnault & family$212.4France
#2 Elon Musk$206.2United States
#3 Jeff Bezos$200.4United States
#4 Mark Zuckerberg$163.4United States
6 more rows
May 7, 2024

Which billionaire has the most? ›

No.NameNet worth (USD)
1Bernard Arnault & family$233 billion
2Elon Musk$195 billion
3Jeff Bezos$194 billion
4Mark Zuckerberg$177 billion
6 more rows

Who is the richest girl in the world? ›

Since 2021, Francoise Bettencourt Meyers has been listed as the world's wealthiest woman.

Who was the richest person ever? ›

Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived.

What is the richest country in the world? ›

Hans Luxembourg is at the top of the list of the richest countries in the world by GDP 14,3740 USD.

Is Taylor Swift a billionaire? ›

The financial news outlet said she is the first artist to achieve billionaire status solely on the basis of her music, and estimated she has a $1.1 billion fortune.

Who is the youngest billionaire? ›

Clemente Del Vecchio

Clemente was at one time the world's youngest billionaire (at the age of 18), but he has since aged out of that title, which is now held by Livia Voigt.

Who is the richest actor in the world? ›

List of Top 10 Richest Actors in the World:-
S. No.NameNationality
1Brock PierceAmerican
2Tyler PerryAmerican
3Jerry SeinfeldAmerican
4Dwayne JohnsonAmerican
6 more rows
Apr 23, 2024

Who is the richest woman in the world 2024? ›

Francoise Bettencourt Meyers, 70, has been deemed the richest woman in the entire world with a net work of $99.5 billion in 2024, according to Forbes. She owes it to the widely known cosmetic care company called L'Oreal, which was founded by her grandfather.

Who will be richest in 2025? ›

2025. Gautam Adani & family would be a year behind Musk, with Adani reaching trillionaire status in 2025 at age 62 following his current rate of growth. Adani is the chairman of the commodity trading business Adani Group, founded in 1988.

Who is the richest man in the entire universe? ›

Who is the richest man in the world? As of May 1, 2024, the richest person in the world is Bernard Arnault, the CEO of French luxury goods group LVMH; he's worth nearly $209 billion. He moved into the number one spot in late January 2024, overtaking Elon Musk.

How much money does Mark Zuckerberg have? ›

What does Mark Zuckerberg own? ›

Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram, its flagship Facebook brand, Threads, WhatsApp and Oculus.

How much is Eduardo Saverin worth now? ›

Is Mark Zuckerberg's religion? ›

In 2010, he said that he was going to give most of his money to charity. In 2010, he was also named Time's Person of the Year. He was raised Jewish, was an atheist, but thinks different about religion nowadays. In a public Facebook post, Zuckerberg launched the project in late August 2013.

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