{"id":19696,"date":"2024-04-06T05:14:20","date_gmt":"2024-04-06T05:14:20","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/06\/mark-zuckerbergs-wealth-exceeds-elon-musks-for-the-first-time-since-2020-times-of-india\/"},"modified":"2024-04-06T05:14:20","modified_gmt":"2024-04-06T05:14:20","slug":"mark-zuckerbergs-wealth-exceeds-elon-musks-for-the-first-time-since-2020-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2024\/04\/06\/mark-zuckerbergs-wealth-exceeds-elon-musks-for-the-first-time-since-2020-times-of-india\/","title":{"rendered":"Mark Zuckerberg\u2019s wealth exceeds Elon Musk\u2019s for the first time since 2020 &#8211; Times of India"},"content":{"rendered":"<div style=\"text-align:center\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"720\" src=\"https:\/\/i0.wp.com\/static.toiimg.com\/photo\/msid-109079329,imgsize-829784.cms?fit=1280,720&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"Mark Zuckerberg\u2019s wealth exceeds Elon Musk\u2019s for the first time since 2020 &#8211; Times of India\" title=\"Mark Zuckerberg\u2019s wealth exceeds Elon Musk\u2019s for the first time since 2020 &#8211; Times of India\" \/><\/div>\n<div>Mark Zuckerberg<!-- --> passed <a href=\"https:\/\/timesofindia.indiatimes.com\/topic\/elon-musk\" styleobj=\"[object Object]\" class=\"\" target=\"\" frmappuse=\"1\" rel=\"noopener\">Elon Musk<\/a> on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival <!-- -->billionaires<!-- --> have held those positions.<br \/>Musk, who ranked first on the Bloomberg Billionaires Index as recently as early March, fell to fourth after Reuters reported Tesla Inc. had canceled plans for a less-expensive car, sending shares lower.(Musk denied the report.) That followed news earlier in the week that Tesla\u2019s vehicle deliveries fell in the three months through March, their first year-over-year decline since the early days of the Covid pandemic.<br \/>Musk\u2019s wealth has shrunk by $48.4 billion this year, while Zuckerberg has added $58.9 billion to his fortune as Meta Platforms Inc. climbs to fresh highs, including a new record on Friday. <br \/>It\u2019s the first time Zuckerberg has broken into the top three on Bloomberg\u2019s ranking of the richest people since November 16, 2020, when he was worth $105.6 billion and Musk\u2019s fortune was $102.1 billion. Musk now has a net worth of $180.6 billion; Zuckerberg\u2019s is $186.9 billion.<br \/>The reversal of the wealth gap between Musk and Zuckerberg, which was as big as $215 billion in November 2021, illustrates how once-hot electric vehicle stocks have been usurped by big tech, and particularly anything involving artificial intelligence. <br \/>Tesla shares have fallen 34% this year, making it the worst performer in the S&amp;P 500 Index. It\u2019s been battered by a global slowdown in EV demand, growing competition in China and production problems in Germany. Meta, meanwhile, has surged 49% thanks to strong quarterly earnings and excitement about the company\u2019s AI initiatives. It\u2019s the fifth-best performer on the S&amp;P 500.<br \/>The two billionaires\u2019 rivalry extends beyond their wealth: Musk and Zuckerberg have been engaged in an ongoing public spat that intensified when Meta launched Threads, a social-media platform that competes with Musk\u2019s X. The two even traded barbs last year about a possible cage fight. Musk, 52, recently revived the idea on X, saying he would fight Zuckerberg, 39, \u201canywhere, anytime.\u201d<\/p>\n<p>Musk\u2019s net worth could take a further hit after his $55 billion Tesla pay package was struck down by a Delaware judge. The Bloomberg Billionaires Index continues to use the options from that pay package, which are one of Musk\u2019s largest assets, in its calculations of his wealth.<br \/>Bernard Arnault, the chairman of luxury giant LVMH Moet Hennessy Louis Vuitton, and Amazon.com Inc founder <!-- -->Jeff Bezos<!-- --> hold the first two spots on Bloomberg\u2019s wealth ranking with fortunes of $223.4 billion and $207.3 billion, respectively.<\/div>\n<p><script>!(function(f, b, e, v, n, t, s) {\n    function loadFBEvents(isFBCampaignActive) {\n      if (!isFBCampaignActive) {\n        return;\n      }\n      (function(f, b, e, v, n, t, s) {\n        if (f.fbq) return;\n        n = f.fbq = function() {\n          n.callMethod ? n.callMethod(...arguments) : n.queue.push(arguments);\n        };\n        if (!f._fbq) f._fbq = n;\n        n.push = n;\n        n.loaded = !0;\n        n.version = '2.0';\n        n.queue = [];\n        t = b.createElement(e);\n        t.async = !0;\n        t.defer = !0;\n    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