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Elon Musk surpasses Warren Buffett on world's richest people ranking list

Elon Musk surpasses Warren Buffett on world's richest people ranking list
After Elon Musk's net worth rose $6.1 billion on Friday, the Tesla founder became the world's seventh-richest person in the world, according to the Bloomberg Billionaires Index. The 49-year-old owns about a fifth of Tesla's outstanding stock, which comprises the bulk of his $70.5 billion fortune. According to reports, his majority ownership of closely held Space-X accounts for about $15 billion. The index is a daily ranking of the world's richest people. 

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