Tesla CEO, billionaire Elon Musk, added over $125 billion to his wealth in a month, following the recent surge in Tesla’s stock. His wealth now represents more than three times that of the famous billionaire Warren Buffett. Musk's net worth rose by $24 billion to $335.1 billion on Monday, as shares of the electric vehicle manufacturer jumped 8.5% in New York. This expansion solidified his lead over Amazon founder Jeff Bezos as the richest person in the world by $143 billion, according to the Bloomberg Billionaires Index. Buffett, the chairman of Berkshire Hathaway, ranks tenth with a net worth of $104.1 billion.
Musk wasn't the only beneficiary of Tesla's recent stock rise, which propelled the company’s market capitalization past the trillion-dollar threshold. A Singaporean billionaire also benefited from the soaring prices, accumulating over $7 billion in profits from his investment in Tesla since 2019, making Liu Qiangdong the third-largest individual shareholder in Tesla, with his wealth rising to over $12 billion. Similarly, billionaire Larry Ellison, who spent 44 years building Oracle Corporation, has become a significant investor in Tesla since 2018, with the value of his stake rising to $18.1 billion, nearly a quarter of Oracle's holding value.
Charitable efforts by Buffett help explain some of the widening gap between his wealth and Musk's. He has implemented a program to donate a portion of his shares in Berkshire annually to various charitable organizations, including the Bill and Melinda Gates Foundation. Buffett, who is 91 years old, stated in June that the value of his donations over the past 16 years has totaled $41 billion.
