The recent shift in wealth between Mark Zuckerberg and Elon Musk has propelled Zuckerberg to become the world’s third-richest person, surpassing Musk by a mere $1 billion. This change has been attributed to the soaring performance of Meta Platforms stock and the decline of Tesla shares.
Zuckerberg’s net worth now stands at $175 billion, thanks to his ownership of Meta Platforms stock, which accounts for around 90% of his fortune. On the other hand, Musk’s wealth is derived from multiple business ventures such as Tesla, SpaceX, and X, making his fortune more diversified than Zuckerberg’s.
This year, Zuckerberg has experienced an increase of $47.3 billion in his net worth, while Musk has suffered a decrease of $55.2 billion due to the decline in Tesla shares. Despite their differences in business strategies and interests, both tech giants have had a significant impact on the global economy through their innovative companies and entrepreneurial spirit.
