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.