Elon Musk is Now 3 Times as Rich as Warren Buffett and Worth More Than the GDP of His Home Country of South Africa
Tesla’s stock has risen 65.6% this year, including an 8.5% gain on Monday.
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Just days after Elon Musk became the first person to hit , the Tesla CEO is now worth three times as much as the investing wizard Warren Buffett.
That’s according to the , which on Monday estimated the tech mogul’s fortune at $335 billion after a $24 billion single-day gain. In comparison, the Berkshire Hathaway CEO Buffett was worth an estimated $104 billion.
Musk’s wealth on the index is higher than the gross domestic product of his home country, South Africa, which totaled $301.9 billion last year, .
As tracked by Bloomberg, Musk’s net worth has soared by $165 billion this year. His gains Monday were driven by an 8.5% rise in Tesla’s share price, Bloomberg first reported. The multibillionaire owned about of the company at the start of the year.
Last week, a 13% leap in Tesla’s stock price netted Musk $36 billion — the Bloomberg had ever recorded — after news emerged that the car-rental firm Hertz ordered 100,000 Teslas.
Musk, 50, now sits at a comfortable $142 billion above the world’s second-richest man — Amazon’s founder, Jeff Bezos, whose net worth Bloomberg puts at $193 billion.
Tesla’s stock is up this year, despite dips in March and May.
On Sunday, Musk tweeted that he was open to selling shares in the electric-car maker based on a plea from the director of the UN’s World Food Programme.
Just days after Elon Musk became the first person to hit , the Tesla CEO is now worth three times as much as the investing wizard Warren Buffett.
That’s according to the , which on Monday estimated the tech mogul’s fortune at $335 billion after a $24 billion single-day gain. In comparison, the Berkshire Hathaway CEO Buffett was worth an estimated $104 billion.
Musk’s wealth on the index is higher than the gross domestic product of his home country, South Africa, which totaled $301.9 billion last year, .
As tracked by Bloomberg, Musk’s net worth has soared by $165 billion this year. His gains Monday were driven by an 8.5% rise in Tesla’s share price, Bloomberg first reported. The multibillionaire owned about of the company at the start of the year.
Last week, a 13% leap in Tesla’s stock price netted Musk $36 billion — the Bloomberg had ever recorded — after news emerged that the car-rental firm Hertz ordered 100,000 Teslas.
Musk, 50, now sits at a comfortable $142 billion above the world’s second-richest man — Amazon’s founder, Jeff Bezos, whose net worth Bloomberg puts at $193 billion.
Tesla’s stock is up this year, despite dips in March and May.
On Sunday, Musk tweeted that he was open to selling shares in the electric-car maker based on a plea from the director of the UN’s World Food Programme.
