Battle of the Titans: Zuckerberg Triumphs While Musk’s Star Dims in Billionaire Showdown
Meta’s CEO Mark Zuckerberg has overtaken Elon Musk, CEO of Tesla Inc. (NASDAQ: TSLA), in the Bloomberg Billionaires Index.
Zuckerberg’s leap forward places him closer to Amazon (NASDAQ: AMZN) founder Jeff Bezos and LVMH’s Bernard Arnault, the current leader of the billionaires’ club with a net worth of $223 billion.
According to the index, Zuckerberg has ascended to the third position, boasting a reported net worth of $187 billion.
This marks Zuckerberg’s first appearance in the top three of Bloomberg’s wealthiest individuals ranking since Nov. 16, 2020, when his net worth stood at $105.6 billion, slightly ahead of Musk’s fortune of $102.1 billion at the time.
At present, Musk’s wealth amounts to $180.6 billion.
The development follows Tesla’s announcement of its first year-over-year sales decline in almost four years, with just 386,800 vehicles sold in the first quarter of 2024. The news triggered a more than 7% drop in Tesla’s stock value in trading on Friday, contributing to a total decline of over 34% since the beginning of the year.
The rivalry between Zuckerberg and Musk goes beyond their net worth, stretching back to 2016 when a SpaceX explosion caused the destruction of a Facebook satellite.
The competitive tension escalated further with Musk’s challenge to Zuckerberg for a cage fight. It was intensified by Meta’s introduction of Threads, a competitor to Musk’s social media platform, X.
