Mark Zuckerberg has surpassed Elon Musk as the world’s third-richest person, boasting a net worth of $175 billion. This year alone, Zuckerberg has increased his wealth by $47 billion, while Musk has seen a decrease of $55 billion, according to data from Bloomberg. The surge in Zuckerberg’s wealth has been fueled by the soaring stock of Meta Platforms, while Tesla’s shares have plummeted.
Zuckerberg’s net worth is primarily tied to his ownership of Meta Platforms, where he owns about 13% of the company. In contrast, Musk’s wealth is derived from multiple ventures, including Tesla, SpaceX, and X. Despite their past conflicts, including a rumored cage match that never materialized, Zuckerberg and Musk continue to be key figures in the tech industry.
The dynamics of the stock market have played a significant role in the wealth shift between the two tech titans. Meta Platforms has seen a 43% increase in its stock value this year, while Tesla has experienced a nearly 40% decline. This reversal in fortunes can be attributed to the stock performance of both companies.
Despite their diverging fortunes reflecting the contrasting performance of their respective companies and personal investments, both Zuckerberg and Musk continue to shape the future of technology and innovation. Their legacy will undoubtedly impact generations to come as they continue to push boundaries and drive progress in their respective fields.
