Elon Musk once again richer than Mark Zuckerberg as fortunes reverse

Mark Zuckerberg’s fortune plunged $20 billion as shares of Meta Platforms Inc. tumbled, allowing Tesla Inc.’s Elon Musk to cement his status as the world’s third-richest billionaire.

Meta shares fell as much as 16% Thursday in New York after the social media company said second-quarter sales were likely to come in below estimates. Zuckerberg’s one-day drop in net worth is the fourth-largest ever related to a stock move among those in the Bloomberg Billionaires Index, with his fortune now at $155 billion. Musk, 52, gained $400 million in wealth to $178 billion as Tesla stock continued its post-earnings rally.