Mark Zuckerberg’s wealth was surpassed Elon Musk’s for the first time since 2020!

Mark Zuckerberg surged ahead of Elon Musk to reclaim the title of the world’s third richest person on Friday, a position he hasn’t held since 2020.
Following Tesla Inc.’s announcement of halting plans for a more affordable car, Musk’s ranking fell to fourth as Tesla shares took a hit.

This year, while Musk’s net worth saw a $48.4 billion reduction, Zuckerberg’s wealth experienced a $58.9 billion increase, thanks to Meta Platforms Inc. hitting record highs. This shift underscores the growing influence of big tech and artificial intelligence over the electric vehicle sector, once a market favorite.

With Tesla’s shares dropping 34% this year, in stark contrast, Meta’s stock soared by 49%, driven by impressive quarterly results and advancements in AI. This financial competition is set against a backdrop of public spats between Musk and Zuckerberg, including their rivalry in the social media space. Their clashes fuel both financial battles and the broader narrative of tech dominance.