October 31, 2020

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Elon Musk richer than Warren Buffet

Elon Musk richer than Warren Buffet

Leapfrog in the Bloomberg Billionaires IndexTesla CEO Elon Musk is now richer than investor Warren Buffet. He will become the seventh richest person on earth, according to the index.

Last Friday, Musk’s fortunes got a big boost after Tesla shares rose more than 10%. With Musk owning 20.8% of Tesla’s shares, he has been slashed by 5.3 billion dollars in one fell swoop. Its total assets are now estimated at 61 billion euros. Buffet saw his fortune shrink. Last week, he donated USD 2.5 billion in shares to charity.

First, Amazon CEO Jeff Bezos is still projected to be worth 167 billion dollars. Silver is for Bill Gates (102 billion) and third place for Facebook CEO Mark Zuckerberg (82 billion euros).