Elon Musk’s Net Worth Surpasses Warren Buffett’s Thanks to Tesla Boom

MEASURING CONTEST

Blake Montgomery

Former Reporter/Editor

Published Jul. 11, 2020 3:30PM EDT

Joe Raedle/Getty

Elon Musk’s net worth surged past that of Warren Buffett’s this week on the back of Tesla’s recent boom, Bloomberg reports. Musk’s fortune rose by $6.1 billion Friday to a total of roughly $70.5 billion as Tesla’s stock jumped 11 percent, whereas Buffett’s dropped to $69.2 billion after a $2.9 billion donation and recent lackluster Berkshire Hathaway performance.

The electric car manufacturer’s shares have skyrocketed 269 percent this year. Musk’s one-fifth share ownership of Tesla comprises the bulk of his fortune, his majority ownership of SpaceX much of the rest. He’s the highest-paid CEO in the country with an annual salary of $595 million.

Read it at Bloomberg

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Elon Musk’s Net Worth Surpasses Warren Buffett’s Thanks to Tesla Boom

Blake Montgomery

Joe Raedle/Getty