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November 02, 2021 at 11:38 AM
What You Need to Know
- The Tesla founder’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5%.
Tesla Inc.’s latest rally has blasted co-founder Elon Musk’s wealth past a new milestone: It now eclipses famed investor Warren Buffett’s fortune by a factor of three.
Musk’s net worth rose by $24 billion to $335.1 billion Monday as the electric automaker’s shares jumped 8.5% in New York.
That widened his lead over Amazon.com Inc.’s Jeff Bezos as the world’s wealthiest person to $143 billion, according to the Bloomberg Billionaires Index. Buffett, chairman of Berkshire Hathaway Inc., ranks 10th with a net worth of $104.1 billion.
Tesla Time
Up and down Tesla’s shareholder roster, fortunes are ballooning.
Singapore-based retail trader Leo KoGuan emerged last week as the company’s third-biggest individual shareholder, rocketing him up the wealth ranks with a net worth valued at $12.1 billion.
Larry Ellison, who spent 44 years building software maker Oracle Corp., has only been a big investor in Tesla since 2018, but his stake is now worth $18.1 billion, almost a quarter the value of his Oracle holding.
