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Elon Musk, now richer than Warren Buffet

2020-07-13T06:57:03.328Z


The industrialist took advantage of a new Tesla stock market boom to become the seventh richest person in the world.


The child of American capitalism has not stopped collecting success for the past few months. Elon Musk's fortune surpassed that of the famous financier Warren Buffet on Friday July 10. The industrialist took advantage of a new stock market boom from Tesla, the manufacturer of electric cars in which he is the main shareholder. In a single session, the Tesla title gained 10.8% in New York, allowing Elon Musk to earn more than $ 6 billion. A runaway which is explained by the performances of Tesla. In the second quarter, while all manufacturers saw their sales collapse in the wake of the almost generalized global containment, the specialist in electric vehicles only experienced a 5% drop in its deliveries, to more than 90,000 vehicles.

Read also: Elon Musk, the resurrection of the Phoenix from Silicon Valley

According to the ranking established by Bloomberg, Elon Musk now ranks 7th in the world, with a fortune of more than 70.5 billion dollars. It surpasses Warren Buffet, who is "content" with 69.2 billion. Long the richest man in the world, the sage of Omaha has been penalized by a series of bad investments, which have plunged the price of Berkshire Hathaway, the company he manages, by more than 20% since the beginning of the year. But Warren Buffet did not hesitate to voluntarily reduce his fortune either: on July 8, he donated $ 2.9 billion to charities. And that's what makes him slip behind the boss of Tesla.

Source: lefigaro

All business articles on 2020-07-13

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