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.
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.
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 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.
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.
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.
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.
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.
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.
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 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.
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.
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 Internet.org project in late August 2013.
Introduction: My name is Greg Kuvalis, I am a witty, spotless, beautiful, charming, delightful, thankful, beautiful person who loves writing and wants to share my knowledge and understanding with you.
We notice you're using an ad blocker
Without advertising income, we can't keep making this site awesome for you.
