Meta CEO Mark Zuckerberg is now the third richest person in the world.
Zuckerberg's wealth has outpaced Tesla CEO Elon Musk for the first time since 2020.
Musk's wealth has tanked as Tesla shares have slumped more than 34% since the start of the year.
Just in early March, Musk was still ranked first on the Bloomberg Billionaires Index.
Musk’s wealth has shrunk by $48.4 billion this year, while Zuckerberg has added $58.9 billion to his fortune as $Meta Platforms, Inc.(META)$ Inc. climbs to fresh highs, including a new record on Friday.
$Tesla Motors(TSLA)$ shares have fallen 34% this year, making it the worst performer in the $S&P 500(.SPX)$. It’s been battered by a global slowdown in EV demand, growing competition in China and production problems in Germany. $Meta Platforms, Inc.(META)$ , meanwhile, has surged 49% thanks to strong quarterly earnings and excitement about the company’s AI initiatives. It’s the fifth-best performer on the $S&P 500(.SPX)$ .
Elon Musk's current net worth is $180.6 billion, while Mark Zuckerberg's net worth is $186.9 billion. The reversal of fortunes between Musk and Zuckerberg, from a gap of $215 billion in November 2021, highlights how the once red-hot electric vehicle sector has been overtaken by large-cap tech stocks, particularly those involving artificial intelligence (AI).
Mark Zuckerberg's Wealth Exceeds Elon Musk's for the First Time Since 2020 - BNN Bloomberg
Musk’s net worth could take a further hit after his $55 billion Tesla pay package was struck down by a Delaware judge. The Bloomberg Billionaires Index continues to use the options from that pay package, which are one of Musk’s largest assets, in its calculations of his wealth.
The two billionaires’ rivalry extends beyond their wealth: Musk and Zuckerberg have been engaged in an ongoing public spat that intensified when Meta launched Threads, a social-media platform that competes with Musk’s X. The two even traded barbs last year about a possible cage fight. Musk, 52, recently revived the idea on X, saying he would fight Zuckerberg, 39, “anywhere, anytime.”
Who will win in fight between Elon Musk and Mark Zuckerberg after billionaires agreed to fight | Daily Mail Online
The wealth competition between these two tech titans has always been closely watched, and their success not only reflects the prosperity of the tech industry but also represents the power of personal effort and innovation.
Who do you think is more likely to achieve greater success in the future of the tech field, Zuckerberg or Musk?
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