Elon Musk is wealthier than Warren Buffett, might not be justified - Business Insider

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Elon Musk is now officially richer than Warren Buffett. Here's why that doesn't necessarily tell the full story of the billionaires' wealth.

Yet Berkshire's $94 billion Apple stake, $137 billion in cash as of March 31, and the rest of its stock portfolio are currently worth a combined $344 billion — more than 75% of its $443 billion market capitalization., pointing out that it implies the rest of Berkshire is worth only $100 billion.

It boasted about $375 billion in net assets at last count, meaning its market capitalization values it at less than 1.2 times its book value. Tesla is valued at 20 times book value.Pelican Bay Capital Management chief Tyler Hardt told Business Insider last week. The difference in Musk and Buffett's fortunes reflects more than valuation. It's also a product of Buffett giving $37 billion in Berkshire stock to charity in the past 14 years, based on the market value of the roughly 226,000 Class A shares when he gifted them.worth about $62 billion today

 

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Warren gave half of his fortunes to the poor. He is always a rich

Because only 50% of the world buys it.

But is he a decent human? Good to others and the planet?What really counts. What all these businesspeople need to learn with all their wealth...

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