As of Friday, Musk was worth $70.5 billion, roughly $1 billion more than Buffett, as Tesla stock continues to break records.
CEO Elon Musk is now the seventh-richest person in the world, surpassing legendary investor Warren Buffett, as Tesla's stock continues to skyrocket.
Musk surpassed Buffett on Friday after Tesla shares hit an all-time high, giving Musk a net worth of about $70.5 billion, roughly $1 billion more than Buffett.. Shares jumped 12% in morning trading and brought its market valuation to $325 billion, making it the tenth largest U.S. stock by market value.
Investors now believe that the company 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.
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