{"id":21664,"date":"2024-04-08T04:43:00","date_gmt":"2024-04-08T04:43:00","guid":{"rendered":"https:\/\/www.thinkadvisor.com\/2024\/04\/07\/zuckerbergs-wealth-tops-musks-for-the-first-time-since-2020\/"},"modified":"2024-04-08T04:43:00","modified_gmt":"2024-04-08T04:43:00","slug":"zuckerbergs-wealth-tops-musks-for-the-first-time-since-2020","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2024\/04\/08\/zuckerbergs-wealth-tops-musks-for-the-first-time-since-2020\/","title":{"rendered":"Zuckerberg&#8217;s Wealth Tops Musk&#8217;s for the First Time Since 2020"},"content":{"rendered":"<div class=\"media_block\"><a href=\"https:\/\/feeds.feedblitz.com\/-\/875446964\/0\/thinkadvisor\/\"><img decoding=\"async\" src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2023\/12\/04_Mark-Zuckerberg_Facebook_2023_BB_640x640.jpg\" class=\"media_thumbnail\"><\/a><\/div>\n<p id=\"first-para\">Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions.<\/p>\n<p>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&nbsp;the report.)<\/p>\n<p>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.<\/p>\n<p>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.<\/p>\n<figure class=\"filtered\"><img class=\"alignnone size-full wp-image-534254\" data-src=\"https:\/\/images.thinkadvisor.com\/contrib\/content\/uploads\/sites\/415\/2024\/04\/409899974.jpg\" alt=\"Zuckerberg Passes Musk | Meta CEO hasn't been richer since 2020\" width=\"1200\" height=\"675\"><\/figure>\n<p>It\u2019s the first time Zuckerberg has broken into the top three on Bloomberg\u2019s ranking of the richest people since Nov. 16, 2020, when he was worth $105.6 billion and Musk\u2019s fortune was $102.1 billion.<\/p>\n<p>Musk now has a net worth of $180.6 billion; Zuckerberg\u2019s is $186.9 billion.<\/p>\n<p>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.<\/p>\n<p>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,&nbsp;growing competition&nbsp;in China and production problems in Germany.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mark Zuckerberg passed Elon Musk on Friday to become the third-richest person in the world, the first time since 2020 the arch-rival billionaires have held those positions. Musk, who ranked first on the Bloomberg&#46;&#46;&#46;<\/p>\n","protected":false},"author":1,"featured_media":21665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[1],"jetpack_featured_media_url":"https:\/\/blog.lifeinsurance-orleans.ca\/wp-content\/uploads\/2024\/04\/zuckerbergs-wealth-tops-musks-for-the-first-time-since-2020.jpg","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21664"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=21664"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/21664\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media\/21665"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=21664"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=21664"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=21664"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}