Mark Zuckerberg has surpassed Elon Musk to become the world’s third-richest person, boasting a $175 billion fortune. Zuckerberg’s wealth has increased by $47 billion this year, while Musk has seen a decrease of $55 billion, according to Bloomberg data. The shift in wealth is a result of Meta Platforms’ stock skyrocketing and Tesla’s shares plummeting.
A near mirror image in stock-price performance has propelled Mark Zuckerberg ahead of Elon Musk to claim the title of the world’s third-richest person, according to Bloomberg data. Zuckerberg’s net worth now stands at $175 billion, slightly surpassing Musk’s $174 billion. This gap is expected to widen further as Tesla shares fall to a new yearly low while Meta Platforms stock continues to soar. Throughout this year, Zuckerberg has added $47.3 billion to his net worth, whereas Musk has experienced a decline of $55.2 billion, dropping him from the top spot to the world’s fourth-richest person.
The fluctuation in fortunes for Musk and Zuckerberg correlates directly with the performance of their respective stocks. A 43% surge in Meta Platforms shares contrasts with a nearly 40% drop in Tesla shares year-to-date. Zuckerberg’s wealth primarily stems from his ownership of Meta Platforms stock, where he holds around 13% of the company. Conversely, Musk has various business ventures contributing to his fortune, including Tesla, SpaceX, and X.
Musk and Zuckerberg have had disagreements in the past, leading to the agreement of a cage fight last year that never came to fruition. Despite their differences, both tech moguls continue to shape the landscape of the global economy with their innovative companies.