Musk becomes the seventh richest man in the world overtaking Ambani, Buffett
By MYBRANDBOOK
Elon Musk, Tesla CEO’s wealth rose $6.1 billion and making him the world's seventh richest person, according to the Bloomberg Billionaires Index. Musk, with a net worth of $70.5 billion, is now ahead of Google Co-Founder Sergey Brin, Mukesh Ambani and Warren Buffett. Buffett's net worth dropped recently when he donated $2.9 billion in Berkshire Hathaway stock to charity.
According to the Bloomberg Billionaires Index, the fortune of Tesla Inc.’s Chief Executive Officer rose $6.1 billion on Friday, after the carmaker’s stock surged 11%. Musk is now the world’s seventh-richest person, also ahead of tech titans Larry Ellison and Sergey Brin. The 49-year-old owns about a fifth of Tesla’s outstanding stock, which comprises the bulk of his $70.5 billion fortune. His majority ownership of closely held SpaceX accounts for about $15 billion. Shares of the electric-car maker have risen 269% this year. The company’s booming valuation helped Musk land a $595 million payday, making him the highest-paid CEO in the U.S.
Musk is the latest tech entrepreneur to rise above Buffett in the ranks of the world’s richest. Steve Ballmer, the former Microsoft Corp. CEO, and Google’s co-founders Larry Page and Brin also have leapfrogged the Oracle of Omaha. And Indian tycoon Mukesh Ambani surpassed Buffett this week. Mike Novogratz, the longtime money manager who now runs digital currency investor Galaxy Digital Holdings Ltd., warned that valuations of technology companies are getting way too high and that small investors should get out of the market before it crashed.
BHIM to join e-commerce, competing with PhonePe and Google Pay
The government-supported payment software BHIM is getting ready to join t...
The latest version of X helps prevent deepfakes on social medi
To combat deepfakes and shallowfakes, Elon Musk revealed a new update t...
India and Namibia collaborate on a payment system similar to U
Once operational, the platform will enable digital transactions in Namibia,...
Sebi issues show-cause notices to six Adani group firms
Sebi issued show-cause notices to six Adani Group firms, including Adani ...
NETWEB TECHNOLOGIES INDIA LTD.
LUMINOUS POWER TECHNOLOGIES PVT. LTD.
BEETEL TELETECH LTD.
GLOBUS INFOCOM LTD.
Technology Icons Of India 2023: Sunil Vachani
Sunil Vachani is the founder and chairman of India-listed Dixon Techno...
Technology Icons Of India 2023: Roshni Nadar Malhotra
Roshni Nadar Malhotra is an Indian billionaire businesswoman and the c...
Technology Icons Of India 2023: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla’s return to Vodafon...
ECIL continues to keep India ahead in the growth of Information Technology and Electronics
ECIL played a very significant role in the training and growth of high...
STPI encouraging software exports from India
Software Technology Parks of India (STPI) is an S&T organization under...
RailTel connecting every corner of India
RailTel is an ICT provider and one of the largest neutral telecom infr...
R P TECH INDIA
R P Tech is recognized for its diverse products portfolio, value-add...
ADITYA INFOTECH LTD.
Aditya Infotech Ltd. (AIL) – the technology arm of Aditya Group, is ...
Crayon Software Experts India Pvt Ltd
Crayon helps its customers build the commercial and technical foundati...