Elon Musk Is The Seventh Richest Person In The World
Elon Musk is now the seventh-richest person in the world. Based on this, he surpasses legendary investor, Warren Buffet.
The development comes at a time that Tesla’s stock continues to skyrocket.
Tesla’s shares skyrocketed last Friday making Musk’s net worth rise to $70.5 Billion, which is roughly $1 Billion more than Buffet’s net worth.
As at Monday, Tesla’s share continues to rise and jumped to 12% in morning trading and has the company currently valued at $325 Billion which makes the company the 10th-largest US stock market value.
Investors now believe that Tesla could report a fourth straight quarter of GAAP profits when it posts second-quarter results on July 22, meaning it could be considered for inclusion in the S&P 500.
The company’s stock is up more than 300% for the year.