Elon Musk's wealth is overtaken by Mark Zuckerberg for the first time in four ... trends now
Elon Musk's wealth yesterday dropped below Mark Zuckerberg's for the first time in four years as the value of Tesla's stock has tumbled.
Musk's fortune is worth £143billion, making him the fourth richest person in the world after being overtaken by the Facebook founder.
Zuckerberg, 40, is worth £148billion, according to Bloomberg's Billionaires Index.
The tech bosses have a long-standing rivalry, with Musk challenging Zuckerberg to a cage fight in Las Vegas last year.
As recently as March, Musk, 52, was the richest man in the world but his net worth has taken a hit as Tesla's share price has fallen.
Around £38.5billion has been wiped off Musk's fortune this year, while Tesla's stock has dropped more than 30% since January.
Elon Musk's (pictured) fortune is worth £143billion, making him the fourth richest person in the world after being overtaken by the Facebook founder
Mark Zuckerberg, 40, (pictured) is worth £148billion, according to Bloomberg's Billionaires Index
The South African businessman's wealth is tied up in the success of the electric car firm.
Tough competition from Chinese competitors and production issues in Europe has seen Tesla's share price fall more than 50% from its 2021 peak.
Musk also owns X, formerly Twitter, and around 42% of Space X, and has stakes in brain implant company Neuralink and The Boring Company.
The social media platform has faced a series of setbacks since he bought it for £35billion in late 2022.
In the latest blow for Musk, a Brazilian Supreme Court judge yesterday launched an inquiry into the tech boss after he said he would reinstate accounts on X that the judge had ordered to be blocked.
The multi-billionaire announced that the restrictions had been lifted,
