Zuckerberg Gains $23 Billion but Drops to 6th Richest Globally

UPDATE: Mark Zuckerberg has seen a staggering increase of $23 billion in wealth over the last 15 months, yet he has plummeted from the second to the sixth position on the global rich list. This dramatic shift highlights the fierce competition among tech moguls, with several surpassing him in wealth accumulation.

As of today, Zuckerberg’s net worth stands at $229 billion, according to the Bloomberg Billionaires Index. He first ascended to the title of the world’s second-richest person in October 2024, overtaking Amazon founder Jeff Bezos. However, with fellow tech leaders surging ahead, Zuckerberg’s position is now precarious.

Elon Musk, CEO of Tesla and SpaceX, has skyrocketed to $632 billion, widening the gap between him and Zuckerberg to over $400 billion. Meanwhile, Alphabet co-founders Larry Page and Sergey Brin have each added around $100 billion to their fortunes, now worth $256 billion and $238 billion respectively.

In a significant shift, Page has leapt from seventh to second place, while Brin jumped from tenth to fourth. Bezos has also seen a remarkable gain of $39 billion, bringing his net worth to $244 billion and securing third place. Larry Ellison, Oracle co-founder, ranks fifth with $231 billion, bolstered by a $52 billion gain since last year.

Despite his wealth increase, Zuckerberg is now $27 billion behind Page, indicating the volatile nature of the billionaire rankings. Bernard Arnault, CEO of luxury goods giant LVMH, has also experienced a decline, slipping from fourth to seventh place, although he gained $11 billion to reach a net worth of $204 billion.

The reshuffling of the wealth rankings is largely attributed to the performance of big tech stocks. Tesla and Alphabet have surged by 94% and 78% respectively, while Amazon rose by 22%. In contrast, Zuckerberg’s Meta has only seen an 11% increase, which has hindered his financial ascent.

Adding to the competitive landscape, SpaceX’s valuation recently jumped to $800 billion, bolstering Musk’s wealth. The rapid increase in stock values for Tesla and SpaceX has enabled Musk to maintain a commanding lead at the top of the rich list.

With the wealth landscape changing swiftly, Zuckerberg’s future in the rankings remains uncertain. He may soon reclaim a higher position, given the volatile nature of the tech industry and the current proximity to Page. As investors continue to bet on tech giants playing pivotal roles in the AI revolution, all eyes will be on how these fortunes evolve in the coming weeks.