Mark Zuckerberg's wealth exceeds Elon Musk's for the first time since 2020.

Mark Zuckerberg surpassed Elon Musk on Friday to claim the third spot as the world's richest person, marking the first time since 2020 that they held those positions. 😲 Musk, who recently held the top spot, dropped to fourth following reports of Tesla Inc. canceling plans for a cheaper car, resulting in a decline in shares. 💰

Despite Musk's wealth decreasing by $48.4 billion this year, Zuckerberg's fortune surged by $58.9 billion as Meta Platforms Inc. reached new highs. 🚀 This shift highlights the dominance of big tech over once-popular electric vehicle stocks, emphasizing the significance of artificial intelligence in today's market. 🔝

Tesla's struggles, with shares plummeting 34% this year, contrast with Meta's success, with a 49% surge in its stock value fueled by strong quarterly earnings and AI initiatives. 📈 Beyond their financial rivalry, Musk and Zuckerberg have engaged in public disputes, including competition in social media platforms. 🤝