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Elon Musk (52), CEO of Tesla, regained the position of ‘3rd richest person in the world’, which he had lost for a while to CEO Meta (39) Mark Zuckerberg.
As the two companies recently announced their first quarter earnings of this year, Tesla’s stock price rose significantly and Meta’s stock price fell.
According to Bloomberg News on the 26th (local time), Zuckerberg’s net worth as of this day fell to $157 billion (about 216.3 trillion won), ranking third on the ‘Bloomberg Billionaire Index’ behind Musk with $184 billion (about 253.6 trillion won). I gave it away.
This is because Meta stock price plunged about 11% the previous day, reducing Zuckerberg’s net asset value by $18 billion (about 24.8 trillion won).
Zuckerberg owns 345 million shares of Meta stock, and since most of his assets are Meta stock, he is greatly affected by stock price fluctuations.
As Meta’s stock price steadily rose, Zuckerberg’s asset value also increased, surpassing Musk on the 5th and ranking third on the Bloomberg Billionaires Index, but Musk took it back in about three weeks.
Meta’s first quarter performance announced on the 24th exceeded market expectations, but its second quarter guidance (its own forecast) fell short of market expectations and the company announced that it would increase spending for artificial intelligence (AI) investment, raising concerns about profitability.
On the other hand, despite performance falling far short of market expectations, Tesla was chosen by investors as Musk announced that he would launch a low-cost electric vehicle earlier than planned and expressed confidence in the self-driving robo (unmanned) taxi business.
Tesla’s stock price soared about 12% on the 24th, the day after the earnings announcement, and then rose about 5% on the 25th, and Musk’s asset value also increased by $5.8 billion (about 8 trillion won) over two days.
