--- title: "Elon Musk’s Net Worth Is Now Three Times That of Warren Buffett’s" description: "Tesla shares are surging yet again — and that has Tesla CEO Elon Musk's net worth blasting past the competition, leaving Warren Buffet in the dust." date: "2021-11-02" modified: "2021-11-02" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/the-byte/elon-musk-net-worth-three-times-warren-buffett" categories: - "Elon Musk" - "Future Society" - "The Industrialists" tags: - "billionaires" - "elon musk" - "tesla" - "the digest" --- # Elon Musk’s Net Worth Is Now Three Times That of Warren Buffett’s ![Tesla shares are surging yet again — and that has Tesla CEO Elon Musk's net worth blasting past the competition, leaving Warren Buffet in the dust.]() *\Image: Getty / Futurism\* ## Richer, Richest Tesla shares are surging yet again — and that has CEO Elon Musk's net worth blasting past the competition, leaving the likes of Warren Buffet and Amazon's Jeff Bezos in the dust. By Monday, Musk's riches rose to just over $335 billion, just over a third of a trillion dollars. The increase was the result of Tesla shares jumping some 8.5 percent on Monday, [*Bloomberg* reports](). In many ways, it's an obscene concentration of wealth. Just a tiny fraction of his riches could be used for philanthropic endeavors to great effect, especially [when it comes to world hunger](), as David Beasley, the director of the United Nation’s World Food Program (WFP), pointed out during a [*CNN* interview]() last week. What's indisputable is that Musk is ascending to never-seen-before levels of personal wealth. The CEO billionaire is now three times richer than Buffet, a man who became the richest person in the world back in 2008 with a [measly net worth of just $62 billion]() at the time. Musk's own riches made him the [world's richest person]() earlier this year [for the second time](), eclipsing Blue Origin CEO and space competitor and Bezos. ## Breaking Hertz The news comes a week after rental car company Hertz announced a massive deal with Tesla involving the [ordering of some 100,000 cars](). But on Monday, Musk [admitted on Twitter]() that he'd "like to emphasize that no contract has been signed yet." The revelation had Tesla shares sliding, cutting back on some of the gains the company has made over the last week. Tuesday, shares dropped as much as 5.2 percent, [according to *Bloomberg*](). Tesla is still up 56 percent in the last month alone and is now worth over $1 trillion as of Monday, though. Similarly, Musk's personal wealth is breaking records. The CEO just became the first person to be [worth more than $300 billion]() last week, and now he's soared far past that. The top one percent are amassing unprecedented amounts of money, an inflection point as levels of [economic inequality continue to rise](), particularly in the US. Where it all leads, at this point, is anyone's guess. **READ MORE:** [Elon Musk Is Now Three Times Richer Than Warren Buffett]() \[*Bloomberg*\] **More on Elon Musk:** *[Elon Musk’s World Hunger Tweet Is Taking the UN Wildly Out of Context]()* ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()