The shift in wealth between Mark Zuckerberg and Elon Musk has been driven by the performance of their respective stocks, with Meta Platforms outperforming Tesla. As of Wednesday, Zuckerberg’s net worth exceeded Musk’s by $1 billion, with a gap that is expected to widen further.
Year-to-date, Zuckerberg has gained $47.3 billion in wealth while Musk has seen a decline of $55.2 billion. This decline has moved Musk from the position of the world’s richest person to the fourth world’s richest person. Despite their past conflicts, Musk and Zuckerberg have not followed through on their agreement to fight in a cage match last year. However, their ongoing competition in the business world remains apparent as their fortunes continue to fluctuate.
Meta Platforms stock has surged 43% year-to-date, while Tesla shares are down nearly 40%. Zuckerberg’s wealth is heavily concentrated in Meta Platforms stock, as he owns about 13% of the company. In contrast, Musk’s fortune is supported by multiple business ventures including Tesla, SpaceX, and X.
The decline in Musk’s fortune has moved him from the position of the world’s richest person to the fourth world’s richest person. Jeff Bezos remains at the top of the list of wealthiest individuals, while Bernard Arnault trails behind in second place. Bill Gates follows in third place with a fortune of $128 billion.