Mark Zuckerberg Overtakes Elon Musk in Global Wealth Ranking

For the first time since 2020, Mark Zuckerberg surpasses Elon Musk to become the world's third richest person, according to the Bloomberg Billionaires Index.

Mark Zuckerberg's net worth reached $186.9 billion, moving him into third place on the Bloomberg Billionaires Index, while Elon Musk's wealth fell to $180.6 billion.
The shift in the billionaires' rankings is attributed to a significant drop in Tesla shares and a surge in Meta Platforms Inc.'s stock value.
Tesla's vehicle deliveries witnessed their first year-over-year decline since the early days of the Covid pandemic, contributing to Musk's decreased wealth.
Meta's strong quarterly earnings and advancements in artificial intelligence initiatives have propelled Zuckerberg's fortune.
The rivalry between Zuckerberg and Musk extends beyond their wealth, involving public spats and competition between their companies.