Mark Zuckerberg Drops from World's Second Richest Man despite Adding KSh 5 Trillion in 12 Months
- Mark Zuckerberg has dropped to the third spot in the global wealth rankings, despite increasing his net worth by $40.3 billion (about KSh 5.22 trillion) over the past year
- Zuckerberg, the co-founder and CEO of Meta Platforms, remains one of the top billionaires globally with a net worth of $248 billion (KSh 32.09 trillion)
- Elon Musk tops the global rich list with a net worth of $371 billion (KSh 48.05 trillion), followed by Larry Ellison, Zuckerberg, Jeff Bezos, and Steve Ballmer among the top five
Elijah Ntongai, an editor at TUKO.co.ke, has over four years of financial, business, and technology research and reporting experience, providing insights into Kenyan, African, and global trends.
Mark Zuckerberg has dropped to third position in the ranking of the richest people in the world.
Source: Getty Images
Zuckerberg is the co-founder and the chief executive officer of the META platforms, the company behind Facebook, Instagram, and WhatsApp, among others.
Who is the 2nd richest man?
Zuckerberg had been the second richest man in the world until mid-2025, when he was overtaken by Larry Ellison, who is also in the tech industry.
Despite the drop, Zuckerberg's wealth increased by $40.3 billion (about KSh 5.22 trillion) in the 12 months leading to July 2025, according to the Bloomberg Billionaires Index.
Who is Larry Ellison?
Ellison is an 80-year-old American billionaire with diverse investments in the technology, sports and luxury industries.
He is the second richest man in the world as of July 21 with a net worth of $262 billion after gaining $70.1 billion (about KSh 9.08 trillion) year-to-date.
Ellison is the founder and the largest shareholder of Oracle Corporation. He owns more than 40% of the Austin, Texas-based software giant, which reported $53 billion in revenue for the fiscal year ending May 31, 2024.
Source: Getty Images
Beyond Oracle, Ellison holds investments in Tesla (an automotive/energy company), a professional sailing team, the Indian Wells tennis tournament and extensive real estate holdings, including Lanai Island in Hawaii.
Who are the top 10 richest men in the world?
Elon Musk remains the richest man in the world, while Zuckerberg ranks third and Jeff Bezos comes in as the fourth richest man in the world.
Below is a list of the top ten richest men in the world as of July 21, 2025:
- Elon Musk – $371B (KSh 48.05 trillion)
- Larry Ellison – $262B (KSh 33.93 trillion)
- Mark Zuckerberg – $248B (KSh 32.09 trillion)
- Jeff Bezos – $247B (KSh 31.96 trillion)
- Steve Ballmer – $175B (KSh 22.66 trillion)
- Larry Page – $167B (KSh 21.62 trillion)
- Sergey Brin – $156B (KSh 20.20 trillion)
- Bernard Arnault – $155B (KSh 20.07 trillion)
- Jensen Huang – $150B (KSh 19.43 trillion)
- Warren Buffett – $143B (KSh 18.51 trillion)
Who are the richest people in Africa?
Earlier, TUKO.co.ke reported that the four richest persons on the African continent are richer than the rest of the continent combined.
A report by Oxfam International raised alarm over Africa’s deepening inequality crisis, revealing that the continent’s four richest men, Aliko Dangote, Johann Rupert, Nicky Oppenheimer, and Nassef Sawiris, now hold more wealth than half of Africa’s 1.5 billion people combined.
The report indicated that since 2020, the richest 1% in Africa have seen their income grow five times faster than the bottom 50%, while billionaires’ wealth has surged by 56% in five years.
Oxfam observed that despite these extremes, African governments are among the least committed globally to reducing inequality and attributed the widening gap to elite-serving policies.
Oxfam warned that Africa’s wealth is not missing but is being siphoned by a rigged system that continues to deny basic services to the majority while enriching a tiny elite.
Source: TUKO.co.ke
