Musk Vs. Zuckerberg: Billionaire Battle Could Heat Up With Meta Platforms CEO $2 Billion Away From Tesla CEO In Wealth
Portfolio Pulse from Chris Katje
Elon Musk and Mark Zuckerberg, CEOs of Tesla Inc (TSLA) and Meta Platforms Inc (META) respectively, continue their rivalry with significant wealth fluctuations in 2024. Musk's wealth decreased by $49.6 billion due to a 30% drop in Tesla shares, making it the S&P 500's worst performer. Conversely, Zuckerberg's wealth increased by $48.5 billion, with Meta shares rising 36%, making it one of the S&P 500's top gainers. Musk, now the world's third richest person, could soon be surpassed by Zuckerberg, who is only $2 billion behind.
March 15, 2024 | 8:21 pm
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NEGATIVE IMPACT
Tesla's stock plummeted over 30% in 2024, making it the S&P 500's worst performer, significantly impacting Elon Musk's wealth.
The significant drop in Tesla's stock price directly impacts Musk's wealth and investor sentiment, potentially leading to further short-term volatility.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Meta Platforms' stock surged 36% in 2024, ranking as one of the S&P 500's top gainers and significantly boosting Mark Zuckerberg's wealth.
Meta's strong stock performance reflects positively on investor confidence and Zuckerberg's wealth, suggesting continued short-term growth potential.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100