Elon Musk Wealth Tripled: The recent boom in the shares of Tesla Inc. Elon Musk’s wealth is steadily increasing. Now he has achieved a new milestone. Now his wealth has exceeded that of Warren Buffett three times. Musk’s net worth rose by $24 billion to $335.1 billion. The reason for this was that the shares of the electric auto company had seen a jump of 8.5 per cent in New York.
Elon Musk Wealth Tripled Than Warren Buffett
After this, the gap between them has increased to $143 billion, according to the Bloomberg Billionaires Index. Berkshire Hathaway Inc.’s chairman Buffett is at the 10th position on this list with a net worth of $104.1 billion. The wealth of Tesla shareholders has also increased. Singapore-based retail trader Leo KoGuan emerged as the company’s third-largest individual shareholder last week.
With this, his wealth has increased to $ 12.1 billion. Larry Ellison, who spent 44 years building software maker Oracle Corporation, has been the only major investor in Tesla since 2018. But now, his stake has reached $ 18.1 billion, which is about a third of his holding in Oracle.
Buffett’s big donation may be a reason.
According to a Bloomberg report, Buffett’s large donations may be the reason behind the growing gap between him and Musk’s wealth. Every year Buffett donates a portion of his Berkshire shares to various charitable organizations, including the Bill & Melinda Gates Foundation. In June, Buffett, 91, said that the value of his gifts had reached a total of $41 billion in the past 16 years.
Musk, 50, spoke on Philanthropy during the weekend. He has responded to the United Nations World Food Program director, who challenged billionaires like Musk to work to end hunger. Musk responded by saying that he would have bought $ 6 billion worth of shares now if the UN agency could explain how it would use this money to solve the problem of hunger in the world.
Tesla’s performance is also the reason behind Musk’s stupendous wealth, which is reaching record highs. The company is expected to play a significant role in the future of automobiles in the world. In the coming years, the company will be present in a big way in the premium segment of electric vehicles.