Mark Zuckerberg has surpassed Elon Musk as the world’s third-richest person, with a fortune of $175 billion. This year, Zuckerberg has gained $47 billion in wealth while Musk has lost $55 billion, according to data from Bloomberg. The shift in wealth is due to Meta Platforms stock soaring and Tesla shares plunging.
Zuckerberg’s net worth slightly overtook Musk’s net worth of $174 billion. This gap is expected to widen as Tesla shares decline to a new 52-week low and Meta Platforms stock reaches all-time highs. Year-to-date, Zuckerberg has added $47.3 billion to his net worth while Musk’s net worth has declined by $55.2 billion, moving him from the world’s richest person to the world’s fourth richest person.
Musk remains ahead of Bill Gates, with a fortune of $149 billion, while Zuckerberg trails behind Jeff Bezos and Bernard Arnault. The shift in fortunes is primarily driven by the performance of their respective stocks. Meta Platforms has seen a 43% surge in stock price this year, while Tesla shares have dropped nearly 40%.
The two tech giants have had public disagreements in the past, with talks of a cage match that never materialized. However, they have also worked together on various projects and initiatives, such as developing new technologies for space exploration and improving healthcare delivery systems worldwide. Their rivalry may be intense but it also drives innovation and progress in the industry
