Elon Musk becomes world's seventh richest person, leaving Warren Buffet behind

Elon Musk becomes world's seventh richest person, leaving Warren Buffet behind,...

Elon Musk becomes world's seventh richest person, leaving Warren Buffet behind
Elon Musk is now richer than Warren Buffett.

Elon Musk is now richer than Warren Buffett. 
Elon Musk is now richer than Warren Buffett. The net worth of Tesla Inc's chief executive officer increased by US $ 6.1 billion on Friday. According to Bloomberg Billiners Index, this has happened after the company's shares rose 11 percent. Musk is now the seventh richest man in the world. He has left behind big names of tech world Larry Ellison and Sergey Brin.

The 49-year-old Musk owns nearly one-fifth of Tesla's outstanding shares, which is the bulk of his total wealth of $ 70.5 billion. His majority ownership in SpaceX accounts is about $ 15 billion.

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Musk CEO gets highest salary in America
The shares of the company making electric cars have increased 269 percent this year. Musk gets a $ 595 million payday in the company's growing valuation, which makes him the highest-paid CEO in the US. Musk is the world's newest billionaire who has left Buffet behind the list of world's richest people.

Earlier, former Microsoft Corporation CEO Steve Ballmer and Google co-founders Larry Page and Brin have also surpassed Oracle of Omaha. Indian businessman Mukesh Ambani has also moved ahead of the buffet this week.

Mukesh Ambani becomes richer than Warren Buffet, investment gains in Jio

Mike Novogratz, who runs Galaxy Digital Holdings Ltd, warned that the valuation of technology companies is increasing too much and small investors should exit before the market crashes.


On Friday, in an interview with Bloomberg Television, he said that the economy is slowing down, we are getting corona, but the tech market is touching new heights daily.