Mark Zuckerberg has grown $23 billion wealthier in under 15 months — yet he’s dropped four places on the global rich list because other tech bosses have done even better.
The Meta CEO overtook Amazon chairman Jeff Bezos to become the world’s second-richest person for the first time in October 2024. His net worth has advanced to $229 billion since then, but he’s slid to sixth place on the Bloomberg Billionaires Index as of Wednesday’s close.
Zuckerberg — whose company owns Facebook, Instagram, and WhatsApp — only trailed Elon Musk by $50 billion in October last year.
But the Tesla and SpaceX CEO’s net worth has rocketed to $632 billion as of Wednesday’s close, widening the wealth gap between the two men to more than $400 billion.
Alphabet cofounders Larry Page and Sergey Brin have added roughly $100 billion to each of their fortunes over the same period, boosting them to $256 billion and $238 billion, respectively. That has catapulted Page from seventh to second in Bloomberg’s rankings, and Brin from 10th to fourth place.
Bezos’ net worth has jumped by $39 billion to reach $244 billion, good for third place.
Oracle cofounder Larry Ellison, who briefly topped Musk to become the world’s richest person in September, now ranks fifth with $231 billion to his name, after gaining $52 billion since October last year.
Similar to Zuckerberg, Bernard Arnault, the CEO of luxury goods giant LVMH, has slipped from fourth to seventh place, despite gaining $11 billion to reach a net worth of $204 billion.
Meta has trailed Tesla and Alphabet
The reshuffle of the wealth rankings since Zuckerberg took second place last year largely reflects how big tech stocks have performed since then.
Tesla and Alphabet have led the pack with respective gains of 94% and 78%, followed by Amazon with a 22% rise, as investors wager all three will play key roles in the AI revolution.
Meta has lagged behind with an 11% increase, while Oracle has climbed 7%, and LVMH has inched up by less than 2%.
Moreover, SpaceX recently saw its valuation jump to $800 billion, based on a secondary share sale ahead of a potential listing next year, which has bolstered the value of Musk’s stake in the aerospace company.
The rising value of Tesla and SpaceX stock has resulted in Musk extending his lead at the top of the rich list, while Alphabet’s surge has caused Page and Brin to leap up the rankings.
Amazon’s stock jump has allowed Bezos to retain third place, while owning nearly 50% of Oracle and a sizeable stake in Tesla has enabled Ellison to remain in fifth.
The upshot is that Zuckerberg has slumped to sixth place despite a solid wealth gain. But given how quickly the list changes, and the fact he’s only $27 billion behind Page in second place, he might not be there for long.
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