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Elon Musk is now worth $230 billion—as much as Bill Gates and Warren Buffett combined

Elon Musk has entered rarified air in the world billionaire rankings. The Tesla and SpaceX CEO is not only currently the richest person in the world, but is now worth as much as fellow billionaires Bill Gates and Warren Buffett combined.

Tesla and SpaceX CEO Elon Musk is now the world’s richest person, with his net worth estimated at a massive $230 billion.

As of Friday morning, the 50-year-old outstripped fellow billionaires with a fortune equal to that of Bill Gates and Warren Buffett combined.

The Bloomberg Billionaires Index places Gates in fourth place with $130 billion and Buffett at tenth, with $102 billion.

Both men have previously held the mantle of world’s richest person.

Musk first passed Amazon CEO Jeff Bezos to become the world’s richest man in January. Mr Bezos – whose net worth is $191 billion – has held the title since 2017.

Mr Musk added more than $60 billion to his fortune this year thanks to the strong performance of Tesla stock, plus a share sale at SpaceX which valued the company at $100 billion.

The SpaceX deal added $11 billion to Musk’s net worth, Bloomberg reported.

Jeff Bezos is currently the second richest person on earth with a fortune of $191 billion.

Of course, Gates and Buffett would be significantly closer to Musk in the wealth rankings were it not for the duo’s philanthropic giving. Both have given away tens of billions of dollars to charitable causes over the years, while Musk has been criticized for not giving away more of his massive fortune.

Musk has previously said he prefers to remain anonymous when giving away money, and earlier this year asked Twitter users for “critical feedback” on ways he can donate.

This year, Musk also pledged to give away $150 million — including a $100 million prize in a carbon removal contest — a figure that Recode estimates is larger than all his previous charitable giving.

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