THE BOOM OF “TECHNOLOGICAL” BUSINESSMEN: A MASK OF THE RICHER FROM BUFFET

Tesla founder Elon Musk’s fortune jumped by 6.1 billion dollars on Friday alone, making him the seventh richest man in the world, according to the Bloomberg index of billionaires.

The latest jump in shares of electric car manufacturers of 11 percent increased Mask’s wealth to 70.5 billion dollars, while his majority ownership in Space X is worth about 15 billion.

The total growth of electric car manufacturers this year is a fantastic 269 percent, climbing to the top of the list of the most valuable car manufacturers in 2020, surpassing the hitherto undisputed Toyota.

That also provided Elon Musk with a personal income of 595 million dollars.

Mask is the last in a series of “technological” businessmen who overtook Warren Buffett on the list of the richest, after Steve Ballmer, Larry Page…

However, Mike Novogratz, a financial expert who manages Galaxy Digital Holding, warns that the value of technology companies is growing too fast and that small investors should withdraw before the market crashes.

“We are in irrational abundance – this is a bubble,” Novogratz told Bloomberg. “The economy is slowing down, Kovid is lurking, and the technology market is breaking records on a daily basis. It’s a classic speculative bubble, “he said.

Source: bızlif to

Photo: Beta




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