InstaForex

November 2, 2021

Elon Musk Is Now 3x Richer Than Warren Buffett!

 Elon Musk, an individual known for making automatic cars and the founder of Tesla, is now declared three times richer than Berkshire Hathaway founder Warren Buffett.


Musk’s net worth jumped $ 24 billion to $ 335.1 billion reported Monday after shares of Tesla Inc. hers increased 8.5%.


According to sources from the Bloomberg Billionaires index, Musk’s position now surpasses that of Amazon.com founder Jeff Bezos with a net worth of $ 143 billion while Buffett is ranked 10th with a net worth of $ 104.1 billion.


The plight of Tesla shareholders who continue to hold their shares seems to be increasingly bearing fruit. Leo KoGuan a stock retailer from Singapore emerged as the third largest individual shareholder in the company after its net worth soared $ 12.1 billion last week.



Another shareholder, Larry Ellison the founder of Oracle Corp. who has invested in Tesla since 2018 finds his shares are now worth $ 18.1 billion nearly a quarter of the value of his Oracle company shares that he has operated for the past 44 years.


Meanwhile, Buffett, 91, who is known as a philanthropist, had time to explain how the gap in his position is widening with Musk. According to him his investors have donated a portion of their Berkshire shares each year to charities including the Bill & Melinda Gates Foundation. He added that the cumulative value of his grants over 16 years accumulated to $ 41 billion.


The story is different for Musk who has been challenged by the chairman of the United Nations World Food Program who continues to urge billionaires like Musk to donate their money in helping prevent hunger.


According to a tweet on the 50 -year -old billionaire's Twitter account on the issue, he said he was willing to sell $ 6 billion worth of Tesla shares "in the blink of an eye" if the U.S. agency issued guidelines on how the money could solve world hunger.


"If WFP could explain on this Twitter thread exactly how $ 6B would solve world hunger, I would sell Tesla shares now and do it."

-Elon Musk (@elonmusk) October 31, 2021