Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world's seventh wealthiest person. 9News
, according to Bloomberg, after Tesla's stock surged 10.8 per cent to a record $1,544 per share. Its market value stood at $286.5 billion.
Musk owns 20.8 per cent of Tesla's stock, making his stake worth just under US$60 billion . Musk is also the primary shareholder of privately held SpaceX, as well as a privately held tunnelling company. Tesla CEO Elon Musk just zoomed past Warren Buffett on the Bloomberg Billionaires Index to become the world's seventh wealthiest person. worth of Berkshire Hathaway stock to charity — part of his plan to give away most of his wealth to philanthropic ventures.
Tesla's stock is up more than 500 per cent over the past 12 months, exceeding the value of almost every company in the S&P 500. The electric car maker is the most valuable auto company on Earth.Amazon CEO Jeff BezosWarren Buffett's fortune fell this week after he donated nearly US$3 billion worth of Berkshire Hathaway stock to charityAt the end of May, Tesla granted Musk stock options worth US$1.8 billion today.
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