July 12, 2020 10:46
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The net value of the fortuna of Elon Musk surpassed that of Warren Buffett on Friday, July 10, 2020, when the CEO of Tesla Inc. became the seventh richest person in the world, according to the Index of Bloomberg Billionaires.
Musk’s fortune increased by $ 6.07 billion on Friday the 10th, Bloomberg News said, after a 10.8% jump in shares from the manufacturer of electric cars.
Buffett’s net worth fell earlier this week when donated $ 2.9 billion in Berkshire Hathaway stock to charityadded the report.
The Tesla shares are up 500% in the past year, after the company increased sales of its sedan Model 3.
The breakneck rally also puts Musk within reach of a payout of about $ 1.8 billion, his second big manufacturer bonus of electric cars in about two months.
Shares have risen 38% since the close on July 1, a day before the company reported its quarterly delivery numbers.
The solid Tesla delivery figures Expectations for a profitable second quarter rose, marking the first time in its history that it would report four consecutive quarters of earnings.
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