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Yahoo BusinessJul 11, 2020
Elon Musk Soars Past Warren Buffett on Billionaires Ranking
(Bloomberg) -- Elon Musk is now richer than Warren Buffett.The fortune of Tesla Inc.'s chief executive officer 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.The 49-year-old owns about a fifth of Tesla's outstanding stock, which comprises the bulk of his $70.5 billion fortune. His majority ownership of closely held SpaceX accounts for about $15 billion.Shares of the electric-car maker have risen 269% this year. The company's booming valuation helped Musk land a $595 million payday, making him the highest-paid CEO in the U.S.Musk is the latest tech entrepreneur to rise above Buffett in the ranks of the world's richest. Steve Ballmer, the former Microsoft Corp. CEO, and Google's co-founders Larry Page and Brin also have leapfrogged the Oracle of Omaha. And Indian tycoon Mukesh Ambani surpassed Buffett this week.Mike Novogratz, the longtime money manager who now runs digital currency investor Galaxy Digital Holdings Ltd., warned that valuations of technology companies are getting way too high and that small investors should get out of the market before it crashes."We are in irrational exuberance -- this is a bubble," he said Friday in a Bloomberg Television interview. "The economy is grinding, slowing down, we're lurching in and out of Covid, yet the tech market makes new highs every day. That's a classic speculative bubble."Surpassing Buffett ma

Google Business NewsJul 10, 2020
Elon Musk just became richer than Warren Buffett - CNN
Elon Musk just became richer than Warren Buffett  CNNTesla electric hatchback: Elon Musk says new car might be designed in Germany  ElectrekTesla is very close to creating a fully autonomous car: Elon Musk  Yahoo FinanceWill You Like Your Self-Driving Car? And Will It Like You?  AutomobileElon Musk, Tim Cook, and other male tech execs top list of highest paid CEOs  MashableView Full
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