Musk derives his wealth primarily from his stake in the EV manufacturer, as well as his holdings in Space Exploration Technologies and X, formerly known as Twitter. — Reuters
Mark Zuckerberg’s fortune plunged US$18bil (RM85.96bil) as shares of Meta Platforms Inc tumbled, allowing Tesla Inc’s Elon Musk to cement his status as the world’s third-richest billionaire.
Meta shares fell 11% Thursday in New York after the social media company said second-quarter sales were likely to come in below estimates. Zuckerberg’s one-day drop in net worth is the 11th-largest ever related to a stock move among those in the Bloomberg Billionaires Index, with his fortune now at US$157bil (RM749.83bil). Musk, 52, added US$5.8bil (RM27.70bil) in wealth to US$184bil (RM878.78bil) as Tesla stock continued its post-earnings rally.
