Mark Zuckerberg becomes world’s third-wealthiest person overtaking Larry Ellison

Mark Zuckerberg, the Meta founder, has surpassed Oracle founder Larry Ellison to become the third-richest person in the world.

According to Forbes’ Real-Time Billionaire List, the title had gone back-and-forth between the two tech billionaires.

The facebook founder’s net worth was up over 4 per cent to $217.7 billion after market closes on Monday. The wealth of Ellison’s was down 0.3 per cent to $209 billion.

The net worths of both the executives mirrored their companies stock movements, with Zuckerberg’s Meta closing at $630.20—about a 4 per cent surge in share price—and Ellison’s Oracle closing down 0.3 per cent at $165.78.

Ellison and Zuckerberg traded places between the third and fourth spots on Jan. 3, but the former ended the day on top.

Elon Musk remains the richest person in the world having a net worth of $425.2 billion, followed by Amazon founder Jeff Bezos with net worth of $241 billion.

Till November last, Ellison’s net worth was over  $228 billion competing with Bezos for the title of the world’s second richest person. However, his net worth took a tumble in early December. It was cut by $15 billion when Oracle’s stock paced its worst loss in nearly a year after releasing an earnings report showing it fell short of its estimates.