Warren Buffett is now richer than Mark Zuckerberg after tech titan lost $31 billion following Meta's stock crash

• Meta's share price fell 26% in a day after a dismal earnings report, sending market cap down $240 billion.
• The stock rout sent the wealth of CEO and controlling shareholder Mark Zuckerberg down $31 billion.

Warren Buffett is now richer than Mark Zuckerberg after shares of $4 — $4 — lost almost $240 billion on Thursday after a dismal quarterly earnings report.

Meta's 26% stock price crash sent the net worth of $4 — who holds a 14% stake in Meta — down almost $31 billion in a day to about $90 billion, according to the $4

Zuckerberg's fortune is 30% lower this year to date, sending him to the 10th spot on Bloomberg's billionaires list. He was the world's sixth-richest person just $4

Buffett, meanwhile, is seventh on the Bloomberg Billionaires Index as his net worth has risen about $5 billion to $114 billion — making him the only person in the top 10 to have come out net-positive so far this year.

Meta's stock price plunge also sent $4 below Buffett's Berkshire Hathaway for the first time in about two years. Berkshire Hathaway's share price is up 4% year-to-date, while Meta's is down 30% in the same period.

A major Berkshire Hathaway shareholder, Buffett is known for his $4 strategy, which involves buying low-performing quality stocks in the hopes that their share prices will rise later. $4 are outperforming growth stocks this year.

Zuckerberg is not the only tech titan to see his net worth fall sharply this year. The tech stock rout has also hit the $4 in the sector, including $4 Jeff Bezos and Bill Gates.