This study reviews recent developments, challenges, and the prospect of electronic waste (e-waste). Various aspects of e-waste, including collection, pre-treatment, and recycling, are discussed briefly. It is found that Europe is the leading collector of e-waste, followed by Asia, America, Oceania, and Africa. The monetary worth of e-waste raw materials is estimated to be $57.0 billion. However, only $10.0 billion worth of e-waste is recycled and recovered sustainably, offsetting 15.0 million tonnes (Mt) of CO₂. The major challenges of e-waste treatment include collection, sorting and inhomogeneity of waste, low energy density, prevention of further waste, emission, and cost-effective recycling. Only 78 countries in the world now have e-waste related legislation. Such legislation is not effectively implemented in most regions. Developing countries like south-eastern Asia and Northern Africa have limited or no e-waste legislation. Therefore, country-specific standards and legislation, public awareness, effective implementation, and government incentives for developing cost-effective technologies are sought to manage e-waste, which will play an important role in the circular economy.