Elon Musk net woth reaches $335 billion, 9 times more than Nepal’s GDP
Musk's wealth is 9.35 times Nepal's gross domestic product (GDP)
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Elon Musk is now worth three times more than investing wizard Warren Buffet, just days after the Tesla CEO became the world’s first person to hit $300 billion in wealth, according to Insider.
The tech mogul’s fortune is now $335 billion, after it jumped by another $24 billion on Monday, according to the Bloomberg Billionaires Index. In comparison, Berkshire Hathaway CEO Buffet is worth $104 billion.
Musk, 50, is also worth more than the entire gross domestic product of his home country, South Africa, which hauled in $301.9 billion last year, per data from the World Bank, according to Insider.
His recent boost in wealth was driven by an 8.5% rise in Tesla’s shares, Bloomberg first reported, as his net worth soared by a total $165 billion in 2021. The multibillionaire owned about 22.4% of the company at the start of the year.
Last week, a 13% leap in Tesla’s stock netted Musk an additional $36 billion — the largest single-day surge Bloomberg has ever recorded — after news emerged that Hertz ordered 100,000 Teslas, Insider reported.
Insider reported that Musk now sits at a comfortable $142 billion above the world’s second-richest man, Amazon founder Jeff Bezos, who according to Bloomberg’s index is worth $193 billion.
Tesla’s stock has skyrocketed 65.6% since the start of the year, despite dips in March and May.
On Sunday, Musk tweeted he would sell his shares in the electric automaker and spend $6 billion to alleviate world hunger, as long as the World Food Programme could prove that the money would solve the global hunger crisis, according to Insider.