East Africa News Post

Complete News World

Elon Musk is now three times richer than Warren Buffett, and his wealth exceeds the GDP of his native South Africa

Elon Musk is now three times richer than Warren Buffett, and his wealth exceeds the GDP of his native South Africa

Elon Musk She now has three times more money From investment therapist Warren Buffett. This, a few days after the CEO Tesla became the first person in the world to reach $300 billion (Million Dollars) of Wealth.

tesla head, His fortune is now $335 billion, after rising by another $24 billion on Monday, according to the Bloomberg Billionaires Index.. By comparison, Buffett, president of Berkshire Hathaway, has a net worth of $104 billion.

Musk, 50, is also worth more than the GDP of his country, South Africa. which raised $301.9 billion last year, According to World Bank data.

His recent rise in wealth was driven by an 8.5% increase in Tesla shares, Bloomberg mentioned; His net worth rose to $165 billion in 2021. The billionaire owned about 22.4% of the company at the beginning of the year.

Last week, a 13% rise in Tesla shares earned Musk an additional $36 billion. It was the largest single-day spike ever reported by Bloomberg, and it came after news that Hertz had ordered 100,000 Tesla.

Musk is now 142 billion dollars above The second richest man in the world is Jeff Bezos. Bloomberg reported that Amazon is worth $193 billion.

Tesla Arrow rose 65.6% Since the beginning of the year though fall March and May.

On Sunday, Musk tweeted that he would sell his stake in the electric car maker and spend $6 billion to alleviate world hunger; As long as the World Food Program can show that this money will solve the global hunger crisis.

See also  I tell you how to send them to Cuba

You may also like

Video: Actions that cannot be delayed to reverse climate change.