In a first since 2020, Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world according to Bloomberg's ranking. Zuckerberg and Musk's net worth is $186.

In a first since 2020, Mark Zuckerberg surged past Elon Musk to become the third-richest person in the world according to Bloomberg's ranking. Zuckerberg and Musk's net worth is $186.9 billion and $180.6 billion respectively. Musk Slips as Tesla Faces Challenges The shift came after Reuters reported that Tesla Inc. had canceled plans for a less-expensive car. Though Musk denied the report, the Tesla stock took a hit. Elon Musk is currently ranked fourth on the Bloomberg Billionaires Index. In contrast, with the success of Meta, Zuckerberg's wealth has grown, and the company stock has risen to new heights this year getting him in the top 3 for the first time since 2020. This year Tesla stock has seen a 34% drop meanwhile, Meta Platforms Inc. has surged by 49% Also read: Meta makes changes on deepfakes and other altered content ahead of US Presidential election Tech Dominance in Wealth Creation With the AI boom in full swing, a broader trend shows that technology companies have been doing well in the market. Meanwhile, EVs (electric vehicle) stocks have seen a dip. Beyond Wealth: A Public Rivalry Elon Musk and Mark Zuckerberg's rivalry beyond business is well known. They both have gotten into public disputes from time to time. Last year, Musk even challenged the Meta CEO to a public boxing match, which did not happen. This came after Meta launched Threads which is a direct competitor to Elon Musk-owned Twitter, now X. Who are the two richest persons according to the Bloomberg Billionaires Index At the top spot in the Bloomberg Billionaires Index is Bernard Arnault the chairman of LVMH Moet Hennessy Louis Vuitton with a total fortune of $207.3 billion. Jeff Bezos the founder of Amazon.com Inc. is the second wealthiest man with a total fortune of $207.3 billion.

Meta CEO Mark Zuckerberg's wealth tops rival Elon Musk for first time since 2020

Nations across the globe have witnessed the severe impact of the coronavirus pandemic on their economy, but American billionaires see a jump on their wealth.&nbsp;

The combined wealth of US billionaires that include Jeff Bezos, Mark Zuckerberg, and Elon Musk surged by more than $565 billion or 19% since the beginning of the outbreak in the country, as per a report published by the Institute for Policy Studies (IPS).

Also read |&nbsp;<a href="https://www.wionews.com/world/divorce-that-creates-a-billionaire-chinese-couple-parting-ways-with-a-settlement-of-32-billion-302587">Divorce that creates a billionaire: Chinese couple parting ways with a settlement of $3.2 billion</a>

"These statistics remind us that we are more economically and racially divided than at any time in decades," Chuck Collins said, a co-author of the report.&nbsp;

Also read |&nbsp;<a href="https://www.wionews.com/world/2153-billionaires-have-more-money-than-46-billion-people-combined-oxfam-275420">2,153 billionaires have more money than 4.6 billion people combined: Oxfam</a>

In the report, which includes the 11-week period, Amazon's founder Bezos's wealth rose by $36.2 billion, while Facebook CEO Zuckerberg saw it soar by nearly $30.1 billion. &nbsp;

Tesla Inc CEO Musk's net worth also soared by $14.1 billion.

Last week, the wealth of US billionaires jumped by $79 billion, according to the report. 
&nbsp;

Nations across the globe have witnessed the severe impact of the coronavirus pandemic on their economy, but American billionaires see a jump on their wealth. The combined wealth of US billionaires that include Jeff Bezos, Mark Zuckerberg, and Elon Musk surged by more than $565 billion or 19% since the beginning of the outbreak in the country, as per a report published by the Institute for Policy Studies (IPS).

Nations across the globe have witnessed the severe impact of the coronavirus pandemic on their economy, but American billionaires see a jump on their wealth. The combined wealth of US billionaires that include Jeff Bezos, Mark Zuckerberg, and Elon Musk surged by more than $565 billion or 19% since the beginning of the outbreak in the country, as per a report published by the Institute for Policy Studies (IPS). Also read | Divorce that creates a billionaire: Chinese couple parting ways with a settlement of $3.2 billion "These statistics remind us that we are more economically and racially divided than at any time in decades," Chuck Collins said, a co-author of the report. Also read | 2,153 billionaires have more money than 4.6 billion people combined: Oxfam In the report, which includes the 11-week period, Amazon's founder Bezos's wealth rose by $36.2 billion, while Facebook CEO Zuckerberg saw it soar by nearly $30.1 billion. Tesla Inc CEO Musk's net worth also soared by $14.1 billion. Last week, the wealth of US billionaires jumped by $79 billion, according to the report.

US billionaires get richer during coronavirus pandemic, combined wealth soar by half a trillion

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Meta CEO Mark Zuckerberg's wealth tops rival Elon Musk for first time since 2020

US billionaires get richer during coronavirus pandemic, combined wealth soar by half a trillion