Mark Zuckerberg Rises as Musk’s Fortune Plummets Amid Trump Feud

In the wake of a highly publicized feud between President Donald Trump and Tesla CEO Elon Musk, the tech billionaire’s net worth has suffered a significant blow, plummeting by nearly $34 billion in a single day. This dramatic decline has opened the door for Meta Platforms Inc. CEO Mark Zuckerberg to reinforce his standing as the world’s second-richest individual, boasting a net worth of $241 billion, according to the Bloomberg Billionaires Index .

The conflict between Musk and Trump erupted over the President’s proposed tax and spending bill, which includes the elimination of electric vehicle (EV) tax credits—a move that directly impacts Tesla’s business model. Musk’s outspoken criticism of the bill led to a sharp decline in Tesla’s stock, erasing $153 billion in market value and significantly denting his personal fortune .

Meanwhile, Zuckerberg’s wealth has been on an upward trajectory. Meta’s stock has seen a notable uptick, trading at $684.62 as of the latest market close, contributing to a $34.2 billion increase in his net worth this year alone . This growth underscores the resilience of Meta’s business model and Zuckerberg’s strategic leadership amid a turbulent tech landscape.

Zuckerberg’s ascent comes at a time when he is also navigating complex political dynamics. After initially supporting progressive causes, the Meta CEO has recently taken steps to align more closely with the current administration, including attending Trump’s inauguration and reportedly donating $1 million to a Trump-related fund . This political recalibration appears to be paying dividends, both in terms of regulatory favor and investor confidence.

Beyond his financial achievements, Zuckerberg continues to invest in philanthropic endeavors through the Chan Zuckerberg Initiative, focusing on areas such as education, science, and justice. However, some of these efforts have faced challenges, including the recent announcement of the closure of The Primary School in East Palo Alto due to funding issues, despite the couple’s vast personal wealth .

As the tech industry grapples with shifting political winds and market volatility, Zuckerberg’s ability to adapt and thrive positions him as a formidable figure in the global business arena. His recent financial milestones not only reflect Meta’s robust performance but also highlight his strategic acumen in navigating the intersection of technology and politics.