Elon Musk has been surpassed by Mark Zuckerberg to become the world’s third-richest person, with a fortune of $175 billion. This year, Zuckerberg has seen an increase of $47 billion in wealth, while Musk’s wealth has decreased by $55 billion, according to Bloomberg data. The surge in Zuckerberg’s wealth is attributed to the rise in stock for Meta Platforms and the drop in Tesla shares.
Zuckerberg’s net worth of $175 billion is now slightly higher than Musk’s $174 billion. This gap is set to widen as Tesla shares fall to a new low while Meta Platforms stock climbs higher. Throughout the year, Zuckerberg has added $47.3 billion to his net worth, while Musk’s net worth has declined by $55.2 billion.
The stock-price performance of the two companies has played a significant role in the change in wealth between Mark Zuckerberg and Elon Musk, making Zuckerberg the third-richest person in the world. Meta Platforms has seen a 43% increase in stock this year, while Tesla shares have decreased by almost 40%.
Although Musk is still ahead of Bill Gates in terms of wealth, Zuckerberg is behind Jeff Bezos and Bernard Arnault. The main factor impacting the fortunes of Musk and Zuckerberg is the performance of their respective companies. Despite their differing sources of wealth, both Zuckerberg and Musk have had public clashes in the past, leading to rumors of a cage fight that never transpired.[/