Business
Elon Musk becomes the richest person than Warren Buffet and worth more than the whole GDP of his home country of South Africa
![Elon Musk becomes the richest person than Warren Buffet and worth more than the whole GDP of his home country of South Africa](https://www.timebulletin.com/wp-content/uploads/2021/11/Elon-Musk-becomes-the-richest-person-than-Warren-Buffet-and-worth-more-than-the-whole-GDP-of-his-home-country-of-South-Africa.jpeg)
Elon Musk is presently worth three times more than investing wizard Warren Buffet, only days after the Tesla CEO became the world’s first person to hit $300 billion in wealth.
The tech mogul’s fortune is present $335 billion, after it jumped by one more $24 billion on Monday, as per the Bloomberg Billionaires Index. In comparison, Berkshire Hathaway CEO Buffet is valued at $104 billion.
Elon Musk, 50, is likewise worth more than the whole GDP of his home country, South Africa, which pulled in $301.9 billion last year, per information from the World Bank.
His new boost in wealth was driven by an 8.5% ascent in Tesla’s shares, as his net worth took off by a total of $165 billion in 2021. The multibillionaire possessed around 22.4% of the organization toward the beginning of the year.
Last week, a 13% leap in Tesla’s stock netted Elon Musk an extra $36 billion – the biggest single-day surge Bloomberg has at any point recorded – after news arose that Hertz ordered 100,000 Teslas.
Elon Musk presently sits at an agreeable $142 billion over the world’s second-richest man, Amazon founder Jeff Bezos, who as per Bloomberg’s index is worth $193 billion.
Tesla’s stock has skyrocketed 65.6% since the beginning of the year, regardless of dips in March and May.
On Sunday, Elon Musk tweeted he would sell his shares in the electric automaker and spend $6 billion to mitigate hunger around the world, as long as the World Food Programme could demonstrate that the cash would tackle the global hunger emergency.
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