Tesla’s Elon Musk Overtakes Buffett On Billionaires Rich List

Tesla Inc. billionaire (TSLA) Elon Musk is now richer than investment guru Warren Buffett.The fortune of Tesla’s founder rose $6.1 billion on Friday, according to the Bloomberg Billionaires Index, after the carmaker’s stock surged 11%. Musk is now the world’s seventh-richest person, also ahead of tech titans Larry Ellison and Sergey Brin.Buffett’s fortune fell earlier this week when he donated $2.9 billion in Berkshire Hathaway stock to charity. The 89-year-old has given away more than $37 billion of Berkshire shares since 2006.Musk owns about a fifth of Tesla’s outstanding stock, which makes up the lion’s share of his $70.5 billion …read more

Source:: Yahoo Finance

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