Elon Musk Officially Becomes Richer Than Warren Buffett

Tesla’s CEO, Elon Musk has officially become richer than Warren Buffet as he becomes the seventh richest person in the world.

According to Bloomberg, Elon Musk’s fortune increased by more than $6 billion on Friday after Tesla’s stock surged 10.8% to a record $1,544 per share. Its market is valued at $286.5 billion.

Elon Musk owns 20.8% of Tesla’s stock, making his stake worth just under $60 billion. He is also the primary shareholder of privately held SpaceX for about $15 billion, as well as a privately held tunneling company.

His shares reached an all time high of 269% this year. The company’s high value helped him land a $595 million payday earlier this year, making him the highest-paid CEO in the U.S.

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