Mark Zuckerberg suffered a loss of US$20 billion due to the fall in shares of Goal this Thursday. This allowed Elon Musk surpassed him again, consolidating himself as the third richest billionaire in the world, according to the ranking of Bloomberg.
The actions of Goal fell until 16% on the New York Stock Exchange following the release of financial results and the announcement that second-quarter sales would likely come in below estimates. This loss in a single day in the equity of Zuckerberg is the fourth largest related to a share movement ever recorded in the Bloomberg Billionaires Index.
Currently, the owner’s assets Goal is valued at US$155 billion. Meanwhile, with the appreciation of the shares of Teslathe fortune of Muskin 52 yearsincreased by US$400 milliongetting at US$178 billion. At the top of the ranking is Bernard Arnaultowner of the luxury conglomerate LMVHwith US$216.6 billion.
It is worth highlighting that the methodology of Bloomberg differs slightly from that used by Forbes, which carries out an annual ranking of billionaires. According to the criteria of Forbes, Musk was the second richest in the world in the ranking of 2024considering data from 2023second only to French Bernard Arnault.
The actions of Goal had the biggest drop since October 2022after the company increased spending estimates for the year and projected sales in the second quarter below expectations for Wall Street. This scenario raises doubts about whether investments in artificial intelligence will eventually pay off for investors.
On the other hand, the actions of Teslabased in Austinthey shot 12% on Wednesday, after Musk promised to offer cheaper vehicles later this year, easing concerns about disappointing results and lower growth prospects than previously expected. Until then, the company’s shares had the worst performance in the index S&P 500with a drop in 42% until close of business this Tuesday.
The fortune of Musk comes mainly from its stake in the electric vehicle manufacturer and its investments in the company Space Exploration Technologies and in X (old Twitter). In turn, the assets of Zuckerberg is largely linked to the actions of the Goal.
In addition to financial issues, the rivalry between the two billionaires goes further: Musk It is Zuckerberg are involved in a dispute that intensified when the Goal launched the Threadsa social media platform that competes with Xin Musk. The two even exchanged barbs last year about a possible fight.
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