Tesla CEO Elon Musk has added more than $125 billion to his fortune within a month, after the recent rise in Tesla shares, as his wealth represents more than 3 times the wealth 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 car maker jumped 8.5% in New York.
This expanded his lead over Amazon founder Jeff Bezos as the world’s richest person to $143 billion, according to the Bloomberg Billionaires Index.
Buffett, the president of Berkshire Hathaway, ranks 10th with a net worth of $104.1 billion.
Musk was not the only beneficiary of the recent rise in Tesla shares, which led the company’s market capitalization to cross the trillion-dollar threshold. The third largest individual shareholder in Tesla, bringing his fortune to more than $12 billion.
Billionaire Larry Ellison, who spent 44 years building software maker Oracle and who has become a major investor in Tesla since 2018, also benefited after the value of his stake in Tesla rose to $18.1 billion, nearly a quarter of the value of Oracle Holdings. .
Buffett’s incredible philanthropy helps explain some of the growing gap between his fortune and Musk’s. He set up a program to donate a portion of his Berkshire stock each year to several charitable organizations, including the Bill & Melinda Gates Foundation.
Buffett, 91, said in June that his donations over the past 16 years have reached $41 billion.