27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
Meta's CEO Mark Zuckerberg has overtaken Elon Musk, CEO of Tesla Inc. (NASDAQ:TSLA), in the Bloomberg Billionaires Index.
Zuckerberg's leap forward places him closer to Amazon (NASDAQ:AMZN) founder Jeff Bezos and LVMH's Bernard Arnault, the current leader of the billionaires' club with a net worth of $223 billion.
According to the index, Zuckerberg has ascended to the third position, boasting a reported net worth of $187 billion.
This marks Zuckerberg's first appearance in the top three of Bloomberg's wealthiest individuals ranking since Nov. 16, 2020, when his net worth stood at $105.6 billion, slightly ahead of Musk's fortune of $102.1 billion at the time.
At present, Musk's wealth amounts to $180.6 billion.
Also Read: Mark Zuckerberg Offers Why Tech Layoffs Won't End Anytime Soon: 'It Was Really Tough'
The development follows Tesla's announcement of its first year-over-year sales decline in almost four years, with just 386,800 vehicles sold in the first quarter of 2024. The news triggered a more than 7% drop in Tesla's stock value in trading on Friday, contributing to a total decline of over 34% since the beginning of the year.
The rivalry between Zuckerberg and Musk goes beyond their net worth, stretching back to 2016 when a SpaceX explosion caused the destruction of a Facebook satellite.
The competitive tension escalated further with Musk's challenge to Zuckerberg for a cage fight. It was intensified by Meta's introduction of Threads, a competitor to Musk's social media platform, X.
Now Read: Musk Says Cage Fight With Zuckerberg 'Might Actually Happen'
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo: Shutterstock
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.
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