Elon Musk is now three times richer than Warren Buffett

Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York.
Image: David Calvert; Andrew Harrer/Bloomberg

Tesla’s latest rally has blasted co-founder Elon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three.

Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York. That widened his lead over Amazon.com Inc.’s Jeff Bezos as the world’s wealthiest person to $143 billion, according to the Bloomberg Billionaires Index. Buffett, chairman of Berkshire Hathaway, ranks 10th with a net worth of $104.1 billion.

Moneyweb Insider Gold

Black Friday - Cyber Monday

Sign up for our annual subscription and get full access to our award-winning articles, market indicators and data tools.

R630 R530*
SAVE R226 vs monthly subscription.

SUBSCRIBE NOW

*Valid until 29 Nov 2021. T&Cs apply.

Up and down Tesla’s shareholder roster, fortunes are ballooning. Singapore-based retail trader Leo KoGuan emerged last week as the company’s third-biggest individual shareholder, rocketing him up the wealth ranks with a net worth valued at $12.1 billion. Larry Ellison, who spent 44 years building software maker Oracle Corp., has only been a big investor in Tesla since 2018, but his stake is now worth $18.1 billion, almost a quarter the value of his Oracle holding.

Buffett’s prodigious philanthropy helps explain some of the growing gap between his and Musk’s fortune. The value investor has donated a portion of his Berkshire stock every year to various charitable organisations, including the Bill & Melinda Gates Foundation. Buffett, 91, said in June that the value of his gifts over the past 16 years totaled $41 billion.

Musk, 50, weighed in on philanthropy over the weekend on Twitter, responding to a United Nations World Food Programme director who had challenged billionaires like Musk to step up to prevent starvation. Musk responded by saying he would sell Tesla stock worth $6 billion “right now” if the UN agency could outline how it would use the money to solve world hunger.

© 2021 Bloomberg

VIDEOS

COMMENTS   1

You must be signed in and an Insider Gold subscriber to comment.

SUBSCRIBE NOW SIGN IN

And he does not even own a house or a boat !!
Where are the wokers now???

End of comments.

LATEST CURRENCIES  

USD / ZAR
GBP / ZAR
EUR / ZAR
BTC / USD

Podcasts

INSIDER SUBSCRIPTION APP VIDEOS RADIO / LISTEN LIVE SHOP OFFERS WEBINARS NEWSLETTERS TRENDING

Follow us:

Search Articles:
Click a Company: