Elon Musk Made More Money in 1 Day Than Warren Buffett’s Entire Career
The tales of the wealthy are wild, and the income gap among the rich is also widening. Warren Buffett, a self-made billionaire who made his fortune in the stock market by staying invested for more than six decades, got run over by the world’s richest man, Elon Musk, and all it took was just a single day to beat his entire life’s career.After the historic launch of SpaceX’s IPO on Friday, Elon Musk’s paper wealth surpassed Warren Buffett’s wealth. While SPCX jumped 25% in three days, it added an unprecedented $164 billion to its net worth. All of this happened in just one day after the company went public. Compare this to Warren Buffett, whose entire net worth stands at roughly $148 billion. The 54-year-old beat the 95-year-old’s empire in a single day of his life.Also Read: SpaceX Stock Price Prediction: What $1,000 Could Be Worth in 2027Battle of the Wealthy: Elon Musk vs Warren BuffettSource: Getty ImagesWhile Warren Buffett built his entire empire for over 60+ years, making $148 billion, Elon Musk made $164 billion in a day. The SpaceX founder also became the world’s first trillionaire, recording a net worth of $1.27 trillion. However, the point to be noticed is that Musk’s one-day gain is unrealized paper wealth. He cannot easily cash out the money without risking SPCX going into a crash due to the pull-out. The company would also be in the negative news if such a situation occurs.On the contrary, Warren Buffett’s wealth is highly liquid public stocks acquired over the years. He stands no risk if he decides to sell them, as he does not run or manage the companies. His gains have compounded over 60+ years of staying invested in the market. Unlike Elon Musk, Buffett’s cashing out is easy, but it is unlikely he would take that route. The billionaire believes that his holding period is forever and would like his investment arm Berkshire Hathaway to continue it.
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