Zuckerberg Dethrones Musk as World’s Third-Richest Person: Wealth Gap Expected to Widen in Future

Elon Musk has been dethroned as the world’s third-richest person, with Mark Zuckerberg now holding that spot. This change in fortune is due to a significant increase in Zuckerberg’s wealth and a decline in Musk’s. According to Bloomberg data, Zuckerberg’s net worth has increased by $47 billion this year, while Musk’s has decreased by $55 billion.

The rise in stock prices for Meta Platforms and the drop in Tesla shares are the main factors contributing to this change in wealth between the two men. As a result, Zuckerberg now has a net worth of $175 billion, just slightly higher than Musk’s $174 billion. This gap is expected to widen as Tesla shares continue to fall and Meta Platforms stock continues to climb.

Despite their differences in wealth sources – with Zuckerberg primarily owning Meta Platforms stock and Musk driving his wealth through various ventures – both men have had public clashes in the past. There have even been rumors of a potential cage fight between them, although nothing ever came of it. However, their differing fortunes highlight the significant impact that the performance of their respective companies can have on their personal wealth.