The performance of Meta Platforms and Tesla has played a significant role in the change in wealth between Mark Zuckerberg and Elon Musk. This year, Zuckerberg has seen an increase of $47 billion in wealth, while Musk’s wealth has decreased by $55 billion, according to Bloomberg data. Despite their differing sources of wealth, both Zuckerberg and Musk have had public clashes in the past.
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 main factor impacting the fortunes of Musk and Zuckerberg is the performance of their respective companies. Meta Platforms has seen a 43% increase in stock this year, while Tesla shares have decreased by almost 40%. Although Musk is still ahead of Bill Gates in terms of wealth, Zuckerberg is behind Jeff Bezos and Bernard Arnault.