Overview

• 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.