Richest 1st LVMH Chairman & 2nd Bezos
"Wall Street Theme Shifts from Electric Vehicles to Artificial Intelligence"
Mark Zuckerberg, CEO of Meta, surpassed his 'rival' Elon Musk, CEO of Tesla, in the global billionaire rankings for the first time in three years.
According to Bloomberg on the 5th (local time), Tesla's stock price fell more than 3% that day, reducing Musk's net worth by $4.52 billion to $181 billion (approximately 244.8 trillion KRW) compared to the previous day.
The media reported, "(Musk) held the top spot on the Bloomberg Billionaires Index until early March, but Tesla's stock price dropped after reports that it would discontinue production of low-cost electric vehicles, leaving him in 4th place."
Earlier, Reuters cited sources saying, "Tesla has scrapped plans to produce affordable electric vehicles and will focus on developing autonomous robo-taxis." In response, Musk immediately denied the claim on his social media platform X (formerly Twitter), stating, "That's a lie."
Meanwhile, Zuckerberg's net worth increased by $5.65 billion to $187 billion (approximately 252.8757 trillion KRW) as Meta, the parent company of Facebook, hit an all-time high stock price.
This year, Musk's net worth has decreased by $48.4 billion, while Zuckerberg's has increased by $58.9 billion. As a result, Musk dropped to 4th place in the global billionaire rankings, and Zuckerberg rose to 3rd.
This is the first time since November 16, 2020, that Zuckerberg has entered the 3rd spot on Bloomberg's global billionaire rankings. Tesla's stock price has fallen 34% this year, while Meta's stock price has risen 49%. According to Bloomberg, Meta is the 5th best-performing stock in the S&P 500 index.
This is seen as a sign that Wall Street's focus has shifted from electric vehicles to artificial intelligence (AI).
The rivalry between Musk and Zuckerberg intensified last year when Facebook launched 'Threads,' a service targeting X (formerly Twitter). At that time, Musk proposed a cage fight to Zuckerberg, who immediately responded, "Anywhere, anytime," but the fight has yet to materialize.
Meanwhile, the current top spot in the global billionaire rankings is held by Bernard Arnault, chairman of the luxury group Louis Vuitton Mo?t Hennessy (LVMH), followed by Jeff Bezos, founder of Amazon, in 2nd place. Their net worths are $223 billion and $207 billion, respectively.
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