Bara' Sami on LinkedIn: Mark Zuckerberg overtakes Elon Musk as the world's 3rd-richest person as… (2024)

Mark Zuckerberg has passed Elon Musk as the world's third-richest person as Tesla stock hits new lows. 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... https://lnkd.in/dvc_4363

Elon Musk's net worth has plummeted by a staggering $40 billion this year, marking the biggest drop among the top 10 wealthiest individuals in 2024. Once the world's richest person, Musk now ranks third, with a net worth of $189 billion, according to the Bloomberg Billionaire Index. Bernard Arnault, head of Louis Vuitton, leads with $201 billion, followed closely by Jeff Bezos with $198 billion. Musk's wealth is largely tied to his 21 percent stake in Tesla, whose declining share prices have significantly impacted his net worth, down by over 29% since the year began.#elonmusk #elonmusknews #elonmusktesla #billionairemindset #BernardArnault #jeffbezos

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Last year saw #ElonMusk become theworld's first persontolose $200 billionin net worth, amid which he also lost the title ofworld’s richest personto #LouisVuitton Group’s #CEO #BernardArnault.Fast forward to today, i.e., just a week after Elon Musk celebrated his52ndbirthday, andthe#billionaire has seen the tables turnin his favour this year.Not only has he reclaimed the title of world’srichestperson, but in fact,the jump in his net worth this year to date is more than what the next three richest people in the world have cumulatively earnedthis year to date.In sharp contrast to the mammoth #wealth that he eroded amid #Tesla #stocks’ #bloodbath last year, #ElonMusk has been enjoying a bull run this year. Thereason, again, is #Tesla #stock.Tesla stocks have jumped more than 150% this year, helping the world’s richest person add $110 billion to his net worth to date this year.Read Here: http://bitly.ws/Kvw2

Elon Musk's net worth has plummeted by a staggering $40 billion this year, marking the biggest drop among the top 10 wealthiest individuals in 2024. Once the world's richest person, Musk now ranks third, with a net worth of $189 billion, according to the Bloomberg Billionaire Index. Bernard Arnault, head of Louis Vuitton, leads with $201 billion, followed closely by Jeff Bezos with $198 billion. Musk's wealth is largely tied to his 21 percent stake in Tesla, whose declining share prices have significantly impacted his net worth, down by over 29% since the year began.#elonmusk #elonmusknews #elonmusktesla #billionairemindset #BernardArnault #jeffbezos

Elon Musk's net worth has plummeted by a staggering $40 billion this year, marking the biggest drop among the top 10 wealthiest individuals in 2024. Once the world's richest person, Musk now ranks third, with a net worth of $189 billion, according to the Bloomberg Billionaire Index. Bernard Arnault, head of Louis Vuitton, leads with $201 billion, followed closely by Jeff Bezos with $198 billion. Musk's wealth is largely tied to his 21 percent stake in Tesla, whose declining share prices have significantly impacted his net worth, down by over 29% since the year began.#elonmusk #elonmusknews #elonmusktesla #billionairemindset #BernardArnault #jeffbezos

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Tesla's(TSLA) - billions of outstanding shares are largely owned by institutional and retail investors, though the company's CEO, Elon Musk, has a nearly 13% stake in the company, worth around $90 billion, according to the Nasdaq.Institutional investors, such as Vanguard and BlackRock, own more than 40% of Tesla's stock. Among them, Cathie Wood's Ark Invest, bullish on promises of autonomous tech and artificial intelligence, has been a prominent Tesla shareholder for a long time.Despite Ark's confidence in Tesla and Musk, the firm has been known to cut its holdings on occasion.Ark Invest sold more than 30,000 shares of Tesla Sept. 14, valued at around $8.4 million. The move was spread across two of Ark's funds: Ark Innovation dumped 20,424 shares and Ark Next Generation Internet dumped 9,965 shares.The sell-off comes just a day after Ark sold more than 50,000 shares of Tesla, worth around $13.8 million.Ark Innovation's Tesla holding still remains its largest holding by a wide margin; its 3.2 million shares, worth $887.9 million, are weighted at 11.46% of the fund.Tesla's stock, closing Sept. 14 at $276.04 per share, has been rising over the past few days.The first boost occurred Sept. 11, when Morgan Stanley boosted its price target from $250 to $400, citing the value of Tesla's supercomputing technology and noting that Tesla is more than just a car company.“This is not an auto play. This is an autonomous taxi platform play with software-as-a-service like margins,” Wood has said of the company. "Tesla should trade like a technology stock and not like traditional automakers, something that analysts and Tesla bears can’t grasp."Ron Baron. Elon Musk. Chamath. Michael Saylor. Cathie Wood.

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