The stock-price performance of Meta Platforms and Tesla has significantly impacted the change in wealth between Mark Zuckerberg and Elon Musk. Zuckerberg is now the third-richest person in the world, with a net worth of $175 billion, slightly higher than Musk’s $174 billion. However, 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 surge in Zuckerberg’s wealth is attributed to the rise in Meta Platforms stock and the drop in Tesla shares. 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.
Musk is still ahead of Bill Gates in terms of wealth, but Zuckerberg is behind Jeff Bezos and Bernard Arnault. The main factor impacting the fortunes of Musk and Zuckerberg is their respective company’s performance. Meta Platforms has seen a 43% increase in stock this year, while Tesla shares have decreased by almost 40%.
In conclusion, Mark Zuckerberg has surpassed Elon Musk to become the world’s third-richest person due to an increase in his wealth from Meta Platforms stock and a decrease from Tesla shares. This gap between them is set to widen as they continue their respective business ventures.
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